Top Boston Housing Projects to Watch in 2022
Since 2015, the city of Boston has made it an initiative to create more housing inventory to meet rising demand. As the metro area has grown, the city has faced a critical shortage of affordable housing opportunities for renters and buyers alike. In 2022, the Boston rental market has seen historically low apartment availability and record high occupancy rates, indicating the problem is getting worse not better.
During the pandemic, many of these new housing developments were stalled or put on hold. Now we’re feeling the effects of this in the form of high prices and limited inventory of Boston apartments for rent. New construction projects have since picked up pace again, so the long-term outlook is more optimistic for renters in Boston. Here are the top housing development projects to watch in 2022.