Watertown MA Apartment Vacancy Rate is at 3.17%!!!

BOSTON - July 2, 2013 - PRLog -- Watertown’s vacancy rate was found after studying data gathered from the extensive BostonPads (www.bostonpads.com) real time apartment rental database of over 115,000 listings. The vacancy rate identifies apartments that are vacant and/or currently available on the market for rent. Of those 115,000 listings, more than 1,000 are properties located in the Watertown neighborhood, part of the Greater Boston Area.   With approximately 32 apartment listings currently available for rent Watertown, the city’s real time vacancy rate for apartment rentals is only 3.17%.  Luxury units were purposely omitted from this study to reflect more accurate market data.

The city of Watertown, located along the Charles River, was one of the first Massachusetts Bay settlements. As it developed over the decades, it gradually decreased in size as portions of its city limits have been contributed to help form new towns including Waltham, Weston, and Cambridge. Despite its size, however, Watertown has continued to increase in population density, especially as renters are finding it to be a convenient and affordable alternative to Cambridge and Newton.

While the MBTA (Massachusetts Bay Transit Authority) has not yet expanded to provide subway service to Watertown, public transportation options are plentiful are primarily consist of bus routes. Surrounding areas including Waltham, Cambridge, Dedham, Needham, Newton and Boston can be accessed by bus, included routes 71, 70A, 70, 59, 57, and 52. There are also two express lines, 502 and 504, servicing downtown Boston via the Mass Pike. The Newtonville and Waverley stations are also easily accessible for Watertown residents relying on commuter rail transportation.

For renters seeking an easy commute into Boston while still enjoying the benefits of a residential neighborhood, Watertown is an attractive alternative for professionals and students alike. The express bus routes service downtown Boston, dropping off at both Copley Square and Boston Common. The 57 bus line from Watertown Yard also provides a direct commute for those working or going to school in the Fenway/Kenmore area.  Additionally, Cambridge is made easily accessible by the 71 bus which runs directly to Harvard Square. From there, commuters can transfer to the red line to access downtown Boston, Dorchester or Quincy.

Watertown is nestled 6 miles west of Boston, and is bordered to the south by Newton and Brighton, largely marked by the Charles River. To the north and west, the neighborhoods of Belmont and Waltham form its borders, respectively. The most notable of Watertown’s boundaries comes from the Mount Auburn Cemetery to the east, which marks the division between Watertown and Cambridge. The cemetery’s 174 acres is shared between both cities, and was featured in a scene from The Thomas Crowne Affair.

A major site of development in Watertown over the last two centuries has been the Watertown Arsenal, located along the northern shore of the Charles River. The arsenal was established in 1816 to serve various military purposes, and today is registered on the National Register of Historic Places as well as ASCE’s List of Historic Civil Engineering Landmarks. Its architecture is noted for being similar to Quincy Market in downtown Boston, which was designed by the same architect. The arsenal now provides Watertown residents and visitors with convenience and entertainment, as it is home to Arsenal Mall, restaurants including Chipotle Mexican Grill, Panera Bread and Miller’s Ale House, many office buildings and a public park.

Watertown apartments are in high demand this time of year as many of them run on a 30-60 day renewal cycle. For renters who are seeking out Watertown because of the school system, the summer months are a busy time of transition as people move to the area before the commencement of a new school year.   Watertown apartment seekers often find WatertownPads to be a valuable resource, providing them with information about available properties as well as connecting them with reliable real estate professionals.

If you are interested in finding out about everything Watertown has to offer, it is critical to get in touch with a qualified real estate agent who is familiar with the area.  They will be able to provide you with information about the various styles and sizes of Watertown apartments, as well as help you understand the town and surrounding areas. This expertise combined with an extensive number of rental listings will allow realtors to find you exactly what you are looking for in a new home.  To find a qualified Real Estate Professional, visit www.watertownpads.com – a real estate resource offering years of industry experience and knowledge.

BostonPads is the largest real time apartment database in MA with over 115,000 apartment listings and more than 14,020 landlords in the Greater Boston Area.  BostonPads works with the most number of landlords in the Watertown Massachusetts area.  To learn more about the Watertown real estate market, check available listings, explore investment opportunities, or get in touch with a qualified agent, visit www.watertownpads.com.