We're not saying there's an apples-to-apples connection between the baseball franchise and Boston real estate, but a tantalizing "maybe" emerged this morning. The latest RentJuice/Zillow quarterly rental-market report showed that apartment rents in the neighborhoods surrounding legendary beer garden Fenway Park spiked in the three months ending June 30.
In the Fenway, the average price per square foot for renting an apartment went up 9 percent from the first three months of the year (compare that to a 7 percent increase in supposedly more desirable Back Bay); and, in Kenmore, the price per square foot rocketed 67 percent quarter over quarter. Both neighborhoods now have some of the highest per-foot prices in the Boston rental market with an average of $3.51, besting averages in the likes of the North End, the South End and Southie. Whether it has to do with Valentine & Co. or with a new luxury shine bathing Fenway/Kenmore, we don't know. Just throwing it out there.
· The Cheapest, Priciest Areas to Rent an Apartment in the Hub [Curbed Boston]
· As Red Sox Open, Surrounding Fenway Takes a Bow [Curbed Boston]