Boston real estate agent Jax Crerar is telling landlords to cut rents — fast.
It’s a heel turn for a city that has for years seen cutthroat competition among renters, thanks to its robust biotechnology industry and a dense network of elite universities. But now, deep cuts to research funding, a cooling biotech market and the loss of residents to other states are crimping tenant demand.
Apartments in even the most desirable neighborhoods are sitting empty.
Jax Crerar
Source: Regan Cleminson
One of Crerar’s clients has a three-bedroom unit near the