News Column

Boston Pads Assesses Micro-Unit Trends in the City of Boston, Offers Greater Selection

May 20 2013 12:00AM

Marketwire

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BOSTON, MA -- (Marketwired) -- 05/20/13 -- As a full-service online resource offering expansive databases for available properties in the Greater Boston Area, Boston Pads knows that while it may be tough finding real estate in the city, there are many considerable options if a prospective resident approaches the search in the right way. However, a recent article from CBS Boston suggests that some professionals in the city are having trouble finding apartments that fit tight budgets. As a result, micro-unit complexes are coming into vogue around the city and many residents are opting for this inexpensive, yet space-restricting housing situation.

In the article, CBS Boston interviews twenty-three-year-old Mary DesBois, a young professional who almost chose to move out of the city to battle against tough rent prices. However, she has found micro-unit-living as a new alternative and states, "I am actually moving to a micro-unit in East Boston... It is just over 500 square feet." The article also reveals, "Mayor Tom Menino told business leaders he wants to create 30,000 new housing units in the next seven years. And many of them may be smaller than what we are used to."

With such expansive plans to create smaller residencies, many prospective renters may think that the Boston market is exhausted and too costly. However, Boston Pads explains that these trends only indicate a small fraction of what residents are choosing to do and what is actually available in the historic and metropolitan city. In a recent press statement, the online housing resource comments, "It is encouraging that real estate developers are making a move to keep young professionals in the city of Boston, but it does not necessarily mean that affordable housing in the Greater Boston Area means having to compromise on space. There are many great houses and apartments featured in our database that are not only accommodating, but can fit specific budgets as well."

To provide an opposing viewpoint, the company notes that the heavy push for smaller living spaces actually suggests that Boston is a great place that offers opportunity to not only young residents, but also families. In its press statement, Boston Pads comments, "The desire to create more space for professionals reveals that our city has many job opportunities and is a place that people want to live." While the trends highlighted by CBS Local may seem discouraging to those new to the area, Boston Pads invites prospective tenants to take a look at its comprehensive database that features a wide variety of properties that are available to rent or own.

ABOUT:

Boston Pads is an online resource for real estate and housing needs in the Boston, Massachusetts area. The company's database is constantly updated to feature the most current listings and offers the largest real time selection in the market. With features targeted toward renters, buyers, sellers and landlords, it is a one-stop shop. The database also features resources regarding property management services, landlords, relocation services, and renovation services and provides additional tools, such as a mortgage calculator and data on specific neighborhoods. Boston Pads also offers tips to get pre-approved for financing and puts interested parties in contact with experienced brokers.



Source: Marketwire


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