Furnished Quarters Offers Respite to Home Seekers Hampered by Tight Apartment Inventory in Greater Boston
Sep 16, 2014 07:38 AM
(Boston, MA) September 16, 2014 – Furnished Quarters, the largest provider of temporary furnished apartments in New York City and Boston, is providing a welcome alternative to home seekers in the Greater Boston area who can’t find immediate permanent housing. With a substantial influx of people relocating to Boston and Cambridge, prospective home buyers and renters alike are struggling to obtain housing due to a record-breaking tight market and lack of inventory.
Furnished Quarters is helping ease the burden by providing an extensive portfolio of short-term rentals throughout the city, as well as furnished apartments in Cambridge,which can accommodate new residents while they wait out the housing shortage. The temporary housing provider offers a wide range of furnished apartments in many of the neighborhoods hit hardest by the inventory crunch, including Back Bay, Bay Village, Cambridge, and downtown Boston.
While companies typically give relocating employees 30 to 60 days of temporary housing benefits, many employers have started offering longer lease allowances in Boston because of the increased time it now takes to find permanent housing in the area.
“We’re finding that many of our guests are extending their stays in our properties because they can’t find permanent housing,” said Diane Mulligan, Corporate Sales Manager of Furnished Quarters’ Massachusetts office. “They’re appreciative that Furnished Quarters offers extendable leases.”
Furnished Quarters continues to experience rapid growth throughout Boston and Cambridge. Recent additions to the company’s portfolio include Radian, an elegant 26-story glass tower near the Financial District, luxury residences at The Arlington, and the newly renovated Exeter Towers in Boston’s Back Bay.
Recent reports from real estate experts show that available inventory has dropped dramatically in certain parts of Boston. The South End has been particularly hard hit by the inventory shortage, with only around 50 condominiums and fewer than 5 townhouses for sale in August. The hot real estate market is also creating a shortage in rental properties.
According to Annette Clement, Executive Vice President and General Manager at Furnished Quarters in Massachusetts, temporary furnished housing provides a cost-effective way for those relocating to Boston to get situated despite these challenging circumstances. “Furnished apartments in and around Boston can help guests become familiar with the local market while affording them the time that’s now required for a housing search,” said Clement.
About Furnished Quarters
Furnished Quarters is an independently owned and operated provider of stylishly designed and fully equipped temporary furnished apartment rentals, both nationally and globally, and the largest provider of temporary furnished housing in New York City and Boston. Furnished Quarters also provides a diverse portfolio of temporary furnished apartments in New Jersey, White Plains, and Connecticut. Established in 1998, Furnished Quarters is a founding member of GO Furnished Housing Providers, a consortium of best-in-class temporary housing companies offering one-call access to apartments worldwide. For more information visit www.furnishedquarters.com.