Asking Rents Inch up in San Francisco, Slip in OaklandFebruary 25, 2019
Having reversed course last year, the weighted average asking rent for an apartment in San Francisco has inched up over the past two months and slipped in Oakland.
Including one-off rentals, as well as those in larger developments, the average asking rent for an apartment in San Francisco is now running around $4,200 a month, which is around 4 percent higher than at the same time last year but remains around 5 percent below its peak in the fourth quarter of 2015, with the average asking rent for a one-bedroom in the city currently running around $3,700 a month.
At the same time, the weighted average asking rent for an apartment in Oakland is now running around $2,675 a month, down a few percent since the end of last year and around 10 percent below its peak in the second quarter of 2016, but 9 percent above its mark at the same time last year, with the average asking rent for a one-bedroom currently running around $2,350 a month (which is 36 percent less expensive than in San Francisco versus 37 percent less expensive than San Francisco at the same time last year).
Our trends analysis is based on pricing data from over 3,300 past and current apartment listings in San Francisco and Oakland combined.
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