Articles Filed Under: Rentals

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Asking Rents in Oakland Tick Up

Asking Rents in Oakland Tick Up

While the weighted average asking rent for an apartment in San Francisco has continued to inch down, despite some recent misreports to the contrary, the weighted average asking rent for an apartment in Oakland has inched up around 2 percent over the past month to a four-month high of... Read More »

Rents in San Francisco Are Not on the Rise, at Least Not Yet

Rents in San Francisco Are Not on the Rise, at Least Not Yet

Despite some recent misreports in the media, apartment rents in San Francisco haven’t started to rebound, at least not yet. In fact, the weighted average asking rent for an apartment in the city is still holding at around $3,100 month, which is down 22 percent on a year-over-year basis... Read More »

The Numbers Behind the Lease Up of New Below Market Units

The Numbers Behind the Lease Up of New Below Market Units

Nearly 7,000 applications (6,849) were received for the 108 Below Market Rate (“BMR”) rental units in the new 537-unit development at 500 Folsom Street, on Transbay Block 9, which was completed at the end of 2019. And while waylaid by the pandemic, BRIDGE Housing was able to have 100... Read More »

Listing Activity for Rentals in San Francisco Drops, But…

Listing Activity for Rentals in San Francisco Drops, But…

As we outlined last week, leasing activity across a sample of ten (10) of the larger apartment buildings we’re tracking in San Francisco has ticked up, driving the average vacancy rate for the cross section of 3,600 units down to around 7.5 percent, driven by aggressive discounting and incentives... Read More »

Leasing Activity Inches Up, Vacancy Rate Down, in San Francisco

Leasing Activity Inches Up, Vacancy Rate Down, in San Francisco

We’ve been tracking the current occupancy and availability of 3,600 distinct apartments, spread across ten buildings in Hayes Valley, Dogpatch, Potrero Hill, Mid-Market, SoMa and the Transbay District, over the past four months. Having peaked at around 11 percent near the end of last year, which was nearly twice... Read More »

Average Tenant Buyout Was $45K in San Francisco Last Year

Average Tenant Buyout Was $45K in San Francisco Last Year

With a moratorium on evictions having been in place for most of last year, landlords in San Francisco inked a total of 333 legally recorded tenant buyout agreements, which was down from 365 inked agreements in 2019 and included a few deals which had been in the works since... Read More »

Rents Continue To Drop in S.F., Studios Hit an 11-Year Low

Rents Continue To Drop in S.F., Studios Hit an 11-Year Low

As we outlined last month, while the weighted average asking rent for an apartment in San Francisco was holding at around $3,100 a month, listing activity was actually inching up. And as we wrote at the time: “In other words, the current plateau in asking prices might represent more... Read More »

Eviction Moratorium Extended, Assistance Program Funded

The emergency bill to extend eviction protections for residential tenants affected by COVID-19 throughout California, which were slated to expire on January 31, 2021, has been inked by Governor Newsom. The amended COVID-19 Tenant Relief Act (SB-91) prohibits a landlord from evicting a residential tenant for non-payment of rent... Read More »

Asking Rents in Oakland HODL as Well, But…

Asking Rents in Oakland HODL as Well, But…

As we first outlined last week, while the weighted average asking rent for an apartment in San Francisco has been holding at around $3,100 a month, listing activity (i.e., availability) has inched up. And on a year-over-year basis, which takes into account seasonality, asking rents have actually continued to... Read More »

Asking Rents in San Francisco HODL, But…

Asking Rents in San Francisco HODL, But…

Having dropped nearly 24 percent last year, the weighted average asking rent for an apartment in San Francisco has effectively held at around $3,100 a month over the past few weeks, with the average asking rent for a one-bedroom hodling at around $2,700 a month and units with at... Read More »