The vacancy rate for Back Bay is 0.7%. This number was obtained using the massive JacobRealty.com database with over 2,593 listings. Luxury listings were omitted from this study.
Prior to a filling project in the 19th Century, Back Bay was a literal bay filled with water. In 1857 a project was undertaken to fill the Back Bay with gravel shipped in by railcar from Needham. Between 1857 and 1900 areas in and around Back Bay along present-day Commonwealth Avenue and Beacon Street were slowly filled in and urbanized. Some of the filled in areas include present-day Kenmore Square, Newbury Street, and the Back Bay Fens.
This city planning is still readily visible today. Whereas most Boston streets are laid out in a seemingly random and chaotic manner, the streets of Back Bay were paved in an orderly grid with five main roads (Beacon, Marlborough, Commonwealth, Newbury, and Boylston) running east-west intersected at regular intervals by various north-south streets. The avenues of Paris at the time were used as inspiration for the style and feel of Back Bay. Wide, tree-lined avenues are one of the unique fixtures of Back Bay area that are difficult to find elsewhere in the city.
Back Bay is home to numerous places of both modern and historical significance. The Trinity Church and the Boston Public Library are among the historic buildings found in Back Bay. Modern structures include the Prudential Tower, the Hancock Tower, and Hynes Convention Center.
One of the biggest destinations in Back Bay is Copley Square. It is home to the Public Library, Trinity Church, the Hancock Tower, and the Copley Plaza Hotel as well as many other places of interest for shopping and eating.
Newbury Street is another large draw for the Back Bay area. Known for its street-level high-end retail shops and eateries, Newbury Street is a popular destination for all. Visitors to Newbury Street will notice that the beautiful Brownstone buildings along the street are set back a good distance from the street itself. This design gives the feel of historic 19th Century American architecture.
The Esplanade, a park located on the southern bank of the Charles River, showcases some of the most serene and breathtaking views found throughout all of Boston. Various walking and biking trails allow easy access to the many areas of this park. If you prefer to see Boston from the water, various companies provide water transport at affordable prices.
The low vacancy rate should encourage renters and landlords alike to enlist the services of the real estate experts found on JacobRealty.com. Owners can receive up-to-the-minute market analysis to competitively price their vacant apartments. Renters will find it easier to work with the company that holds the most listings in one place. Agents can also help renters find unlisted luxury apartments year round.