Damaris Pimentel, owner of Ultra Beauty Salon, colors Rose Moorachian's hair. November 2014. Credit: Esther Ro
Running a small business is no easy task. Just ask longtime Jamaica Plain entrepreneurs Damaris Pimentel and Patria Valenzuela. The two business pioneers face the challenge of thriving in the midst of a gentrifying neighborhood.
Renters got some rare good news in a recent report that rents actually fell 9 percent in Boston's two most expensive neighborhoods. But rents continue to creep higher in JP. The CoStar Group credited new inventory for the easing of rents in the first quarter of 2014, according to a review by Boston Business Journal. These developments in particular soaked up high-end demand, the report said: The Kensington in Downtown Crossing, AvalonExeter in the Back Bay, The Victor at North Station, 315 on A and Waterside Place in the Seaport District. But while huge numbers of units are under construction across JP, rental prices are still inching up here, according to one local real estate agent.