A Western Massachusetts business executive, Demetrios Panteleakis directs Macmillan Group, LLC, and seeks out value-driven real estate opportunities. Business focused, Demetrios Panteleakis remains apprised of regional trends spanning a full range of property types, including commercial, industrial, and residential.
A recent MassLive article drew attention to supply and demand dynamics that have led to an escalation of rent prices in desirable Boston neighborhoods such as Back Bay and Seaport. The most expensive zip code regionally is a part of Boylston Street adjacent to the Boston Public Library, which has a median gross monthly rent exceeding $3,000. With traditionally less expensive neighborhoods such as Roxbury and Somerville having gentrified as well, renters and purchasers are increasingly seeking out affordability in cities such as Providence, Rhode Island.
Affordable units are also still available in cities such as Worcester, Fall River, and Springfield, with an $839 median rent in the latter community. This stands well below the state median and is in a price range that promises to generate further real estate activity among those who find the Boston area to be cost prohibitive.
A recent MassLive article drew attention to supply and demand dynamics that have led to an escalation of rent prices in desirable Boston neighborhoods such as Back Bay and Seaport. The most expensive zip code regionally is a part of Boylston Street adjacent to the Boston Public Library, which has a median gross monthly rent exceeding $3,000. With traditionally less expensive neighborhoods such as Roxbury and Somerville having gentrified as well, renters and purchasers are increasingly seeking out affordability in cities such as Providence, Rhode Island.
Affordable units are also still available in cities such as Worcester, Fall River, and Springfield, with an $839 median rent in the latter community. This stands well below the state median and is in a price range that promises to generate further real estate activity among those who find the Boston area to be cost prohibitive.
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