Articles Filed Under: Rentals

(452 posts)
Rents in S.F Continue To Drop, Now Down Over 20% From Peak

Rents in S.F Continue To Drop, Now Down Over 20% From Peak

Having slipped to just under $3,600 a month two weeks ago, the weighted average asking rent for an apartment in San Francisco has since ticked down another percent to $3,550, continuing a sharp downward trend which shouldn’t have caught any plugged-in readers by surprise. As such, the average asking... Read More »

Asking Rents in Oakland Slip, Discount to S.F. Drops

With signs of weakness having started to emerge last month, the weighted average asking rent for an apartment in Oakland has slipped back under $2,600 a month and is now down around 10 percent since the end of last year, and 13 percent below a 2016-era peak of roughly... Read More »

Industry Group Appeals Tenant Protection Ordinance Ruling

Industry Group Appeals Tenant Protection Ordinance Ruling

Having been denied by a San Francisco Superior Court Judge last week, the San Francisco Apartment Association, San Francisco Association of Realtors, Coalition for Better Housing, and Small Property Owners of San Francisco Institute have just filed an appeal of the judge’s ruling that upheld San Francisco’s COVID-19 Tenant... Read More »

Asking Rents in San Francisco Down Nearly 20% From Peak

Asking Rents in San Francisco Down Nearly 20% From Peak

With listing activity having spiked, the weighted average asking rent for an apartment in San Francisco has dropped another hundred dollars ($100), or roughly 3 percent, over the past two weeks and is now down to a little under $3,600 a month, continuing a trend which shouldn’t catch any... Read More »

Asking Rents in San Francisco Continue to Drop, Listings Spike

Asking Rents in San Francisco Continue to Drop, Listings Spike

In a move that shouldn’t catch any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has dropped another 4 percent over the past few weeks and is now down to $3,700 a month. While $3,700 a month isn’t exactly “cheap,” it’s nearly... Read More »

Moratorium on Pandemic Related Evictions Extended

Moratorium on Pandemic Related Evictions Extended

As we outlined last month: The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance... Read More »

Price of Renting a Room Down 16 Percent from Peak

With the weighted average asking price of renting an apartment in San Francisco already down over 10 percent on a year-over-year basis and continuing to drop, the average price for renting “a room” in San Francisco has just slipped to under $1,600 month. For the purposes of our analysis,... Read More »

Big Landlord Ups the Concession Ante for Signing a New Lease

As we highlighted last month, offers of complimentary rent have been on the rise in San Francisco.  And with the weakness in San Francisco’s rental market accelerating, and Oakland now following suit, a big landlord is upping their rent concession ante while trying to maintain their advertised/base rents. And... Read More »

Signs of Weakness in Oakland’s Rental Market Emerge

While rents in Oakland held relatively firm over the past quarter, particularly in relation to the market in San Francisco, signs of weakness are starting to emerge. In addition to an uptick in listing activity over the past couple of weeks, the weighted average asking rent for an apartment... Read More »

Weakness in San Francisco’s Rental Market Is Accelerating

Weakness in San Francisco’s Rental Market Is Accelerating

Despite the fact that the weighted average asking rent for an apartment in San Francisco is already down over 10 percent on a year-over-year basis and offers of complimentary rent are on the rise, vacancy rates are still ticking up and the number of apartments listed for rent in... Read More »