---
title: DiMella Discusses Lowering Rents in Boston with Boston Herald
description: Michael DiMella, Managing Partner of Charlesgate Realty, recently spoke with the Boston Herald to discuss drops in Boston rents.
---

[CHARLESGATE Blog ](https://www.charlesgate.com/blog)

# [DiMella Discusses Lowering Rents in Boston with Boston Herald](https://www.charlesgate.com/blog/2017/01/08/dimella-discusses-lowering-rents-in-boston-with-boston-herald)

 Written by [Michael DiMella](https://www.charlesgate.com/blog/author/michael-dimella) | Jan 8, 2017 5:00:00 AM

Michael DiMella, Managing Partner of Charlesgate Realty, recently spoke with the Boston Herald to discuss drops in Boston rents. This is the first decrease in 6 years that we have seen in the [rental market](https://charlesgaterealty.com/2016/08/20/infographic-rental-prices-per-bedroom-throughout-boston-neighborhoods/). Although there have been many high-end listings come to the market over the past year like [Millennium Tower](http://rentmillenniumtower.com), there was a decrease of almost 2% in last quarter of 2016.

**Mike was quoted in the article describing his thoughts on why we are seeing this decrease now.**

“The supply is finally starting to keep up with demand,” said Michael DiMella, managing partner of Charlesgate Realty Group. “We were way behind in [new construction](https://charlesgaterealty.com/luxury-buildings/); it’s finally getting to the point where it’s catching up to the demand.”

**Is it just the higher-end market? Mike also responded to thoughts about how this high end market impacts all the way down.**

“As higher-end rents start to come down, we see that impact the mid-tier segment,” he said. “I don’t expect prices to decline substantially, but hopefully we can build enough inventory to keep pace with demand and keep prices from appreciating dramatically.”

[Read the entire article.](http://www.bostonherald.com/business/real_estate/2017/01/key_change_as_boston_rents_head_down)

<http://cta-redirect.hubspot.com/cta/redirect/949/32606a44-eae4-4d9d-9d35-6deaeb505124>

 

[View full post](https://www.charlesgate.com/blog/2017/01/08/dimella-discusses-lowering-rents-in-boston-with-boston-herald)

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