Drop in San Francisco Rents Has Accelerated

Drop in San Francisco Rents Has Accelerated

Drop in San Francisco Rents Has Accelerated

By SocketSite at SocketSite™
Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month, down over 20 percent on a year-over-year basis and nearly 25 percent below a 2015-era peak, driven by a sharp increase in vacancy rates (which had briefly waned earlier this month but has since started ticking back up).
Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month, down over 20 percent on a year-over-year basis and nearly 25 percent below a 2015-era peak, driven by a sharp increase in vacancy rates (which had briefly waned earlier this month but has since started ticking back up).
article date: 2020 09 28
posted: 2020-09-28 14:30:36
Tags: real estate,Bay Area ,noteworthy links

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