Watertown Apartment Rental Market Report 2022

Full post: https://bostonpads.com/blog/boston-rental-market/2022-watertown-apartment-rental-market-report/ If you were to look at the last two years of rental data in Watertown MA, it’s hard to tell that a pandemic ever occurred. When vacancy rates and apartment availability soared to unprecedented levels throughout Greater Boston during COVID, Watertown’s rental supply stayed steady. With the exception of a slight surge in vacancies in the summer of 2020, Watertown’s apartment rental market barely skipped a beat. Now in 2022, the average rent price for Watertown apartments has hit an all-time high and vacancies hit their lowest level on record. Watertown Apartment Rental Market Supply Figures The real-time vacancy rate (RTVR) in Watertown currently sits at 0.62%. That figure has stayed below the 1% mark since the beginning of 2022, and at the end of June Watertown’s RTVR dropped to an all-time low of 0.31%. That indicates that apartment occupancy is at an all-time high in Watertown. Compared to the pre-pandemic RTVR level in mid July 2019, vacancies are down by a margin of 58.39%.

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