Though the economy has somewhat rebounded, rental properties for the luxury sector have had a bit of a difficult time bouncing back from the recent years' economy. To help attract new tenants, luxury apartment buildings in Boston are offering some pretty spectacular freebies to help boost numbers before the year is up.
On Wednesday, Boston real estate agent David Bates dropped the news in his column on the Hub's real-time vacancy rates that some luxury landlords were beginning to again offer concessions to tenants, a sure sign that perhaps—just perhaps—the steady post-Great Recession rise of the region's rents had crested. Well, at least three luxury complexes, all in Boston proper, are offering major concessions right now.
One Back Bay: The luxury tower is waiving security deposits if tenants enroll in the developer's automatic withdrawal program and elect to have their rent debited from their directly from their bank accounts.
