Boston, often affectionately referred to as “The Hub of the Universe”, is steeped in rich history, world-class innovation, and technology! Boston (pronounced BAH-sten by locals) is an attractive city for expatriates and transferees with its small, walkable, distinct neighborhoods each with its own unique charm, relatively good public transportation, exceptional education and health care, thriving arts scene, and plenty of food options. Boston truly lives up to its moniker as “The Hub of the Universe,” drawing people from all corners of the globe!
Join us on this special edition of our IOR’s Market Focus as we gather for Worldwide ERC’s Global Workforce Symposium, and welcome to Boston!
Where to Live
Boston proper is a mecca for single young professionals! Back Bay, Beacon Hill, South End, Seaport, and South Boston are popular due to their proximity to many offices, great nightlife, top-notch restaurants, and bars. Additionally, these areas are very walkable and well-connected to public transit via The T (Boston’s elevated train). Cambridge is another favored destination among young professionals; the city offers a vibrant arts and cultural scene, with numerous art galleries, theaters, and live music venues offering plenty of entertainment options. Cambridge’s commitment to sustainability and green spaces, like the Charles River Esplanade and various parks, attracts those who value an active and eco-friendly lifestyle. Whether living in Boston proper or outside of the city, young professionals can find their ideal home in these exciting neighborhoods. 1-Bedroom starts at $3,800+/mo., 2-Bedrooms start at $4,700+/mo.
Boston boasts a multitude of family-friendly neighborhoods, each with its own distinct character and array of amenities. Many families gravitate towards areas renowned for their highly rated public schools. The city offers a range of educational options, encompassing traditional public schools, charter schools, and exam schools. It’s important to note that families must reside within a school’s designated catchment area to enroll their children there. For families working in Boston or Cambridge, the neighboring towns of Lexington, Newton, Brookline, Arlington, and Belmont are often favored choices due to their proximity and ease of access via public transportation. Boston offers families the unique blend of academic excellence, cultural richness, and a strong sense of community that makes it an exceptional place to call home. 3-Bedrooms start at $5,500+/mo.
Rental Trends
While Rental markets in the United States continued to be competitive and fast-moving during the first half of 2023, the market is stabilizing and even slowing as we move into the Fall and Winter seasons. Boston is bucking this trend with a rental market characterized by steep costs and significant competition for housing.
Consequently, rental prices in Boston have continued to experience consistent growth. The metropolitan area grapples with a limited supply of available apartments and homes, which causes upward pressure on rental costs. To maximize their chances of finding the perfect accommodation in Boston, it is crucial that prospective renters be well-prepared.
Given the active and competitive nature of Boston’s rental market, renters must be decisive, proactive, and swift in their actions. Before arrival, Destination Services Consultants play a vital role in educating assignees about the housing options that align with their specific criteria.
Insider Tips
Boston is renowned for its walkability, offering an excellent opportunity for exploration on foot. Consider taking a guided walking tour to delve into the rich history and architectural beauty of the city’s diverse neighborhoods. History buffs shouldn’t miss the iconic Freedom Trail and for those eager to embrace Boston’s maritime culture, Community Boating provides sailing lessons and a chance to set sail on the Charles River. Amidst the city’s urban hustle and bustle, you can find pockets of tranquility in hidden gardens and green spaces like the enchanting courtyard of the Isabella Stewart Gardner Museum or the sprawling Arnold Arboretum in Jamaica Plain. Yearning for a day at the beach? Boston offers easy access to sandy shores like Crane Beach in Ipswich, Singing Beach in Manchester by the Sea, and Revere Beach, all conveniently reachable via public transportation. Boston’s attractions ensure there’s something for everyone to enjoy!
Local Insights
As one of the oldest cities in the United States, Boston has a rich cultural tapestry with numerous museums, theaters, and cultural events waiting to be explored. A standout cultural gem is the Institute of Contemporary Art, where you can immerse yourself in contemporary art exhibitions and installations while enjoying its waterfront location in the Seaport District. Music enthusiasts can revel in the world-class performances of the Boston Symphony Orchestra, and the grace of ballet comes to life through the Boston Ballet, one of the nation’s premier dance companies.
Boston is undeniably a sports-loving city with an enduring sports history and an unwaveringly passionate fan base. The sports culture is deeply ingrained in the city’s identity, and it beats at the heart of its residents. Whether you’re watching a Boston Red Sox game at the iconic Fenway Park, cheering for the highly successful New England Patriots at Gillette Stadium in nearby Foxborough, reveling in the storied victories of the Boston Celtics at TD Garden, or experiencing the excitement of the Boston Bruins, one of the original six NHL teams, Boston’s sports scene is guaranteed to offer unforgettable moments.
From culture and sports to history and diversity, Boston truly shines as the “Hub of the Universe,” offering an unparalleled blend of experiences that make it a unique and captivating city for all! See you soon Boston!
