South End Rental Supply Sits At All Time Low

South End’s apartment rental market has emerged from the pandemic stronger than ever. The most recent South End apartment data shows both apartment availability and vacancy rates have surpassed their previous all-time lows. South End is currently sitting on 99.7% occupancy with an availability rate of 2.86%, which is 22.28% lower than its pre-pandemic level in March of 2019.

South End’s vacancy rate hit its all-time low mark in November of 2021, when it dropped to a slim 0.40%. Apartment availability eclipsed its all-time low just two months earlier in September when it fell to 0.87%. That marked a -45.96% drop from the previous all-time low set in October of 2019 before the pandemic began.

Even more impressive is the fact that the vacancy rate for South End apartments typically hits its cyclical low in late August before the pivotal 9/1 leasing date, when most leases begin in Boston. With 5 months remaining until late August, it’s not unthinkable that apartment occupancy will reach 100% before September of this year.