While the weighted average asking rent for an apartment in San Francisco ticked up in January, it has since slipped a percent to $4,100 a month and is now running around two (2) percent lower on a year-over-year basis and 8 percent below its 2015-era peak of around $4,450 per month, with the average asking rent for a one-bedroom in the city hovering around $3,500 per month (which is around 3 percent lower than at the same time last year and roughly 4 percent below peak).

At the same time, the weighted average asking rent for an apartment in Oakland has dropped another 3 percent to $2,675 a month, which is effectively unchanged versus the same time last year but around 7 percent below its peak in the second quarter of 2016, with the average asking rent for a one-bedroom having slipped to $2,350 a month (versus closer to $2,500 a month at peak).

As such, the premium for a one-bedroom in San Francisco as compared to Oakland has ticked back up to 33 percent, having narrowed to 29 percent at the end of last year and averaged over 40 percent in 2015.

Keep in mind that our latest trends analysis was based on pricing data from over 3,800 past and active listings for apartments in San Francisco and Oakland combined and for which the “weighted average” apartment now totals 2.3 bedrooms when counting a studio as having one.

Comments from Plugged-In Readers

  1. Posted by SomeCallMeE

    Is this original data collection from scraping craigslist ads or is there a more in depth data set that these conclusions have been extrapolated from?

  2. Posted by ST

    Rent drop in SF feels way more than 1% or 2%… Maybe 10%?

  3. Posted by SFHelmut

    5% – 10% lower is what my listed apartments are renting at.

Add a Comment

Your email address will not be published. Required fields are marked *

Recent Articles