East-Boston-OM

Units Completed 2012-2017

Multifamily Rent Comparison

$3,000

Units Completed 2012-2017

$2,750

$2,500

$2,250

10,824

440

$2,000

EAST BOSTON

BOSTON

2014 2017

BOSTON

EAST BOSTON

East Boston boasts a major transportation hub (Logan International Airport), public transit access (the Blue Line), an eclectic mix of commercial users, plenty of highly-sought after industrial space (ripe for conversion) and water views. Cheaper housing (relative to the rest of Boston), new construction, increased amenities, and public transit access have all helped attract residents to East Boston. With a population base of more than 43,000 in 2016 the number of residents has increased by 12% since 2000; topping ESRI’s list of fastest- growing Boston neighborhoods. The importance of Boston’s public transit system on these growth patterns cannot be overstated. Recent demographic trends have led to increasing demand for urban living/working, and subsequently, public transportation. Downtown Boston as well as connections to the Orange and Green lines are just a few short stops, via the Blue Line at Maverick Station or Airport Station, from East Boston — making the area ideal for young professionals looking for easy access to the city’s employment centers. Similar to the Seaport, East Boston has seen an uptick in housing construction over the last few years. More than 500 multifamily units have come on line here since 2014 and another 1,200 units are currently under construction. Combined this represents a 67% increase in East Boston’s multifamily stock compared to 2014. While the large number of new residential developments (including many luxury projects) has led to increased home prices and rents in East Boston, the demand for new housing remains very strong. As Boston’s urban population and employment base expand further, strong development opportunities in East Boston will be highly desireable.

East Bo

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