Business, News

North Shore rents are on the rise

BOSTON — North Shore rents are mirroring the region's escalating rising single-family home prices, according to new data from CoStar Group Inc.

The global real estate tracker reports rents are on the upswing as demand is high while the apartment vacancy rate is low.   

"The lack of construction on the North Shore is driving rents," said Mark Hickey, a CoStar market economist who authored the report.

CoStar, a Washington, D.C.-based compa…

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