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Blog

Here at Boston Lofts, we know that it's difficult to stay on top of everything that's going on in the Boston real estate market. So, we have created this blog to keep you up-to-date on the most important news and insights from our experts. Check out some of our latest posts below and feel free to reach out to us for more information - we'd love to hear from you!

With So Many Qualified Boston Buyers, Why Are So Many Renting?

Buy or Rent?

According to an August Zillow Report, 18.2% of renters in Boston can afford to buy a home in the city. That’s 2% higher than the national average. Affordability was determined by combining a sufficient credit score and an annual income that would cover the median price of a home, $394,400 in Boston. Nationally, only 14% of on-market renters would actually be able to afford a home in the city they live in. 

Boston ranked number 7 overall for highest percentage of renters who are qualified to buy — so why aren’t they buying?

Zillow Chief Economist, Dr. Svenja Gudell notes that “when faced with hurdles of high prices and low inventory, first-time home buyers are renting longer than ever before, even if they are qualified to buy.”

According to an October Zillow Report, the United States has seen 51 straight months of increasing home prices. In the past year, home prices saw a 6.2% increase — which is right on par with the Boston market which saw a 6% increase. Rent prices also saw an increase of 3.3% in the Boston metro area and 1.4% nationally. 

This trend, combined with the 21st consecutive month of annual inventory declines is only making it more difficult for renters to buy. To make matters worse, Boston had the largest inventory drop of the 35 largest US metro areas. Compared to this time last year, there are 25.8% fewer homes for sale, compared to 5.7% nationally. 

Dr. Gudell also noted that “the housing market has been favoring sellers for the past few years.” Because there is less inventory and more demand from qualified buyers, sellers are able to sell their homes with less effort for a higher price. But there is hope! Dr. Gudell is optimistic that the market will see a “meaningful swing in favor of buyers within the next two to three years.”

Exclusive Penthouse Loft in the Seaport

Sleeper Street

Boston Lofts presents a rare opportunity to own a beautiful penthouse loft in Boston's Seaport. 

The lofts at 33 Sleeper Street are perfectly situated across from an open air lot with a 100 year city lease, providing the loft with unobstructed water views of the fort point channel and the city skyline. 

The interiors are just as impressive as the view, with an entire wall of red brick and exposed sand blasted wooden ceilings and beams. The combination of high ceilings and four skylights keep the space feeling very airy and open. The simple, rustic space provides opportunity for new owners to really add their own special touch. 

Sleeper Street

There is a custom platform with hardwood floors, built-in bookcases and more that add a clear definition and separation to the space. 

33 Sleeper Street provides residents with plenty of amenities, including deeded courtyard parking just steps from the front door, deeded storage, extra bike storage, an in-unit washer and dryer, plenty of closet space, a doorman and new elevators. 

sleeper street

Across the 1,263 SF there is easy conversion potential for creating a second bedroom, giving this space a huge number of possibilities. 

Located in the heart of Boston's newest restaurant row and just minutes from multiple transit lines, this loft is conveniently located for local amenities and traveling around the rest of Boston. 

Contact us to hear more details about this rare opportunity today! 

5 Reasons To Buy A Loft In Boston

Boston Harbor1. Location, Location, Location 

Bostonians enjoy access to an incredibly wide range of activities, unrivaled by any other major city in the United States. The beaches of Cape Cod are less than an hour away, and amazing skiing and hiking trails in Vermont and New Hampshire are only about 2 hours from the city. For fun closer to home, the spectacular shopping, concerts, sporting events and restaurants in Boston are enough to make you want to stay for life.

2. Education 

Are you or someone in your family thinking about going back to school? Boston is home to dozens of colleges and universities, several of which are considered among the finest in the world.

3. The Economy

Boston has a lower unemployment rate, higher job growth rate, higher future job growth rate, and higher income per capita than the national average. With the recent development of neighborhoods like the Seaport District, in addition to the perennial business hubs of the Financial District and Back Bay, Boston’s economy is showing no signs of slowing down.

4. The Real Estate 

Anyone who has ever explored Beacon Hill or walked down iconic Newbury Street in Back Bay knows that Boston has some of the finest urban real estate in the country. Because of the city’s storied history, many of the lofts and condos available in Boston are located in beautifully restored brick homes and row houses. If you are looking for something more modern, Boston Luxury Buildings are the epitome of upscale city living.

5. The People 

The passion that Bostonian’s have for their historic city is truly special. From the unmatched Italian restaurants of the North End, to the lovely walking paths along the Charles River in Cambridge, the Boston area is teeming with local pride. While Boston has grown into a global hub of innovation and technological advancement, residents have not lost touch with the city’s important history and timeless work ethic.

Just Listed: Chic Financial District Loft

Broadluxe is a beautiful loft building located in the Financial District, boasting exposed brick, high-end amenities and interesting open layouts. 

Broadluxe 1

The listing is located on 101 Broad Street and offers exposed brick walls, sandblasted wood ceiling, exposed beams, large windows and hardwood flooring throughout. 

The space has been finished with custom lighting, custom built ins, plenty of storage and a laundry in the unit. One of the most outstanding features is the beautifully renovated kitchen, with maple cabinets, stainless steel appliances, a glass backsplash, granite counters and a center island. 

Broadluxe 2

One of the main custom features is a dividing wall between the living room and bedroom with frosted glass and a 55-inch television built in that can be rotated to face either room. 

Broadluxe 3

Broadluxe offers residents a boutique building experience, with concierge services, professional management, an elevator, bike storage and additional storage. 

The building is conveniently located in the Financial District, just steps from the Greenway, Waterfront, Faneuil Hall, Seaport and the North End. 

View more information and full details of the property here. 

Loft Spotlight: Jamaica Plain Brewery

The American Brewery Lofts building is one of the most historic and beautiful breweries in the city, that is now converted into luxury lofts. 

Located at 251 Heath Street in Jamaica Plain, this building is a prime example of the reuse of historical space. 

Residents can benefit from high ceilings, up to 18 feet in some units, as well as exposed brick, exposed beams and natural elements tied in, making the history a focal point. 

The lofts are spacious and open plan, with wide windows providing plenty of natural light and a layout that is very customizable. 

The units are available for rent or sale and there are a range of unique spaces to choose from. 

View the interior of one of the available lofts below, thanks to boston.curbed.com

Loft interior 1

Loft inerior 2

Loft interior 3

Credit: Curbed Boston

Contact us for more information about lofts around Boston and to find your new home today!

South End Loft Design Inspiration

Lofts often come with a large amount of open space, which is beneficial while at the same time becoming a design challenge. 

In small, open spaces the most important objective is to create a functional area through design. 

Here's how one family transformed their wide open South End loft into a functional family space with areas that suit all of their needs without separating the space too much, thanks to Apartment Therapy

In order to make sure their 1,095 square foot space had everything they needed, it was important to create defined spaces while preserving the openness.

The family was able to do this and effectively created separate areas for a dining space, living room, kitchen, bedroom, play area and work area, without putting up walls or closing off any square feet.

The result is a wide open space with clearly defined functions and no area left unused or wasted. The space is cozy without being cluttered and flows from one space to another easily. 

Take a look below:

South End Loft 1

South End Loft 2

South End Loft 3

Image credit: www.apartmenttherapy.com

Loft Spotlight: Millbrook Lofts

Millbrook Lofts is a beautiful new construction development in Somerville. 

These luxury loft apartments offer a mixture of modern design and a unique expression of history.

From studios to two bedrooms these distinctive apartments are creatively incorporated into a century-old cold storage building. 

The Millbrook Lofts are conveniently located a quick walk from Cambridge and MBTA transportation stops. With a mall down the street and restaurants, bars and shopping steps away it is the perfect location in Somerville. 

The interiors include large windows offering great city views, modern interior finishes, open-style kitchens, big closet space and in some units private balconies and roof-top terraces. 

The building comes with beautiful amenities including a resident lounge, green space and a communal rooftop deck, perfect for the summer!

Until 2014 this building was used as a cold storage warehouse, storing meats and vegetables that were delivered to local restaurants. It took months to defrost the whole building before it could be renovated into lofts. 

The 100-unit building is a truly unique and exciting place to call home!

Contact us today for more information: bostonlofts@advisorsliving.com

Lust-Worthy Lofts: Laconia Loft East

Laconia Loft East in the South End is a collection of beautiful luxury condos. 

With large open spaces, large windows, a roof deck and underground parking, the building offers resident a unique and exciting space in a desirable area. 

Each unit is a different size and price, ranging from one bedroom to three bedroom residences. 

The penthouse loft was made even more unique by its beautiful, minimalist interior design by Hacin + Associates

The focus of the space is on emphasizing a collection of contemporary art and the beautiful natural light and color that is incorporated throughout the loft.

With a minimalist palette, the white walls and the natural wood floors allow the art pieces and pops of color on the furniture to really stand out.

The huge windows frame the beautiful Boston skyline and stretch throughout each floor.

Each room simply flows into one another and all include very clean lines.

See more images of the interior design here.

Images credit: www.idesignarch.com

Building Spotlight: 360 Newbury Street

 

On the corner of Massachusetts Avenue and Newbury Street is 360 Newbury Street, a chic loft community. 

The building was originally designed by the world-famous architect Frank Gehry and historic touches remain along with the luxury, modern amenities. 

Each unit throughout the building has its own personality, complete with 12-foot ceilings and oversized windows offering abundant natural light, not to mention beautiful views of Back Bay. 

The chef's kitchens are finished with granite countertops and state-of-the-art appliances, while the all-marble finishes decorate the bathrooms. 

360 Newbury Street's prominent location in Back Bay, minutes from the Prudential Center and shopping on Newbury Street, makes living there even more desireable. 

With the recent opening of a three-story TJ Maxx in the retail space of the building, residents can find everything they need right on their own doorstep. 

This premier loft building is a truly special find in Back Bay, with the opportunity to either buy or rent units. 

To find out more about 360 Newbury Street and other lofts around Boston contact us at bostonlofts@advisorsliving.com

The Watermark Seaport Distinctive Lofts

Right in the middle of Fort Point and the Seaport is the new Watermark Seaport luxury building. 

The 17-story luxury tower offers contemporary apartments and a 65-unit loft building and perfectly combines the area's innovation and art origins. 

In the midst of two lively urban cores, the building is surrounded by a great selection of outdoor space, including: Seaport Square Green and Fan Pier Park, complete with a dog park, playground and basketball court. 

The lofts offer a unique space for residents and the building has over 15,000 square feet of amenities. With a rooftop sky deckm a second-floor terrace including fire pits and trees and a yoga studio and fitness center, the building has everything you'd expect from a luxury building in this area. 

As a special touch, the building is filled with commissioned work from indie artists around Fort Point. The ground floor will also soon be home to the first CVS in the Seaport. 

From studios to penthouses, prices range from $2,300 to over $7,000 a month. 

To find your perfect loft in Boston contact us at bostonlofts@advisorsliving.com.