Rental Market In Fenway is HOT

The current word from people trying to rent an apartment in the Fenway area if that the market is hot this year.
People are reporting that when they find apartments that they are interested in they have to rush to submit applications on the unit. In many cases they are beaten by other applicants.

Landlords are also reporting that they do not have a lot of people vacating apartments this year. Tenants are staying put! The theory behind this is that due to the uncertainty in the real estate market people are holding out on buying. This in turn is making the availability of new rental properties coming on the market limited, which in turn is pushing up prices, increasing the real estate fee that the tenants are responsible for and decreasing the availability of units.

Overall from what can be seen the only people that are moving this year are the people that have to and when they find a unit that they like, they have to move quickly!