The saga of rising rents in Boston reached a new milestone this week.
A new report found average rent in the city for the first time ever topped $2,000 in the last quarter of 2015.
Renting in Boston now costs an average of $2,009, a weighted mean that doesn’t include affordable housing stock, according to real estate data firm Reis, Inc.
That’s a 1.3 percent jump over the previous quarter and up 5.5 percent over last year, according to Reis. Only New York, San Francisco and San Jose had higher average rents, at $3,436, $2,491 and $2,023 apiece, Reis said.
Much of the jump in rents’ average comes from “expensive class A spaces” that have been popping up around the city, said Shan Ahmed, a Reis analyst.
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Source: Metro US - Average Rent in Boston Now More than $2,000, Spencer Buell reporting