Are these rough times for Boston Beacon Hill apartment rental agents?

Boston Beacon Hill Apartment Rentals

Are these rough times for Boston Beacon Hill apartment rental agents?

In the past five years, the median list price for a Beacon Hill apartment has climbed nearly 30 percent, reaching an all-time high of $3,500 a month. For rental agents, that means more lucrative commissions.

Yet Beacon Hill apartment affordability is causing a crisis and has hurt their business.

The problem the more affordable are rare and rarely come on the market, before college students sieze on them

People who would have been represented by a broker are perhaps just staying in place nd not moving up.

For those looking to move, “you have a limited number of apartments, and only a handful of a handful of brokers who are actually able to secure deals for those apartments.

Retention has been great for landlords, but hurts the Beacon Hill rental agents

All of this leaves Beacon HIll apartment rental agents making less money per hour than they once earned. Numerous Beacon HIll agents claim that the time and cost of marketing a listing with no guarantee of payment are major issues.

But in the current market, some brokers have been offering concessions to get deals done.

“There’s been a lot of times where I’ve taken half a month’s broker fee or essentially no broker fee,” one Beacon Hill agent told me.