With diplomas in hand, a mass exodus of recent college graduates could be leaving Boston even though they love it here.
In Boston and across the country, average rent peaked at more than $4,000 in 2022, at the tail-end of the Covid-19 pandemic. The last time that it was cheaper to buy than rent in the city was the national housing crash in 2007, according to national real estate firm CBRE.
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Recent research from the Greater Boston Chamber of Commerce and from CBRE found that 25% of young residents are planning to leave Greater Boston in the next five years — despite almost 90% of them loving their day-to-day lives in the city.
More on this story from Boston Business Journal
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