Charlestown is a historic town neighborhood in Boston, that in fact is the oldest neighborhood in the city. Like pretty much all of the neighborhoods in Boston, the rental market in Charlestown has experienced tough times due to the arrival of the COVID-19 pandemic. In this particular article, we are going to be talking mainly about the vacancy rates (RTVR) and availability rates (RTAR) in real-time for Charlestown apartments.
Charlestown YOY Vacancy Rate Change Among The Worst In Boston
The average RTVR in all of Boston was +121.05% while the RTAR was +78.89% in year-over-year change. The City of Boston registered an RTVR of +144.74% and an RTAR of +87.63% while the Boston suburbs had lower metrics of RTVR of +88.74% and an RTAR of +61.32%.
However, the YOY RTVR and RTAR were much higher in the neighborhood of Charlestown, at +223.81% and +363.49%. To put this into contrast, Charlestown has the 3rd largest increase in RTVR and RTAR. In the RTAR metric, only the neighborhoods of Downtown and West End had a larger increase at +724.64% and +803.37%. On the other hand Downtown at a rate of +1232.99% and Allston at +425%, were the only two neighborhoods that …