Articles Filed Under: Rentals

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Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Having bottomed out at around $3,050 last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has since ticked up around 2 percent to $3,125 per month but is still 24 percent lower than prior to the... Read More »

Local Emergency Rental Assistance Program Is Now Live

San Francisco’s emergency rental assistance program, which can provide up to six months of rental assistance, including three months of future rent, to tenants at risk of becoming homeless due to a pandemic-related loss of employment or income, will begin accepting applications today, May 28. In order to qualify... Read More »

Asking Rents in Oakland Inch Up, But…

Asking Rents in Oakland Inch Up, But…

Having slipped back under $2,300 a month a few weeks ago, the weighted average asking rent for an apartment in Oakland has since inched up around 2 percent to a little over $2,300 a month but is still 12 percent lower than at the same time last year and... Read More »

Apartment Rents in San Francisco Appear to Have Bottomed

Apartment Rents in San Francisco Appear to Have Bottomed

Having continued to inch down last month, the weighted average asking rent for an apartment in San Francisco appears to have bottomed at around $3,050 a month, down around 25 percent since the pandemic hit and nearly 32 percent below a 2015-era peak. And with the average asking rent... Read More »

Asking Rents in Oakland Slip, Implied Vacancy Inches Up

Asking Rents in Oakland Slip, Implied Vacancy Inches Up

Having inched up a little under 2 percent at the end of the first quarter, the weighted average asking rent for an apartment in Oakland has since inched down a little over 2 percent and is back under $2,300 per month, which is 13.6 percent lower than at the... Read More »

Asking Rents in San Francisco Continue to Slip, But…

Asking Rents in San Francisco Continue to Slip, But…

Despite some misreports in the media, apartment rents in San Francisco haven’t started to rebound, as we outlined last month. And in fact, the weighted average asking rent for an apartment in the city has now inched down to $3,050 month, which is down 24 percent on a year-over-year... Read More »

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 »