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As Sox sink, Fenway rents soar

Posted by Scott Van Voorhis July 25, 2012 05:00 AM

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Go figure. The Sox have their worst season in years and landlords around the ballpark decide to jack up rents.

I guess they are simply taking the lead of the Sox when it comes to pricing.

On a per-square-foot basis, asking rents in the Fenway jumped by 9 percent during the second quarter from the first three months of the year, RentJuice reports.

That even tops Back Bay, which saw a 7 percent increase.

Still, some of the increase has to do with a number of new luxury apartment high-rises opening up near the old ballpark rather than landlords jacking up rents on existing units, according to RentJuice.

The average two bedroom asking rent in the neighborhood - and in Kemore Square - is $1,913.

That, however, is still a bargain compared to Cambridge rents.

While generally hot neighborhoods like Riverside, Cambridgeport and East Cambridge saw Q2 declines in rents of 11, 10 and 5 percent respectively, the overall monthly bill is still considerably higher.

It will put you out nearly $3,000 a month, for example, to rent an apartment in East Cambridge.

And what about the suburbs?

Surprise, surprise, the average asking rent in Wellesley is the highest in the Boston area for both suburban and urban zip codes, weighing in at a staggering $4,435 a month.

Framingham, meanwhile, is the cheapest, with the average asking price at a much more reasonable $1,363.

Happy renting!

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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