San Francisco Bay Area Rents & Trends
We try to update these charts as new quarterly data is available. Asking rent data through Q3 2016 revealed a year over year decline in San Francisco rents, which correlates with anecdotal reports from rental agents, rental website calculations and even recent earnings predictions on Wall Street from big, investor-landlords. With the Bay Area economy cooling down somewhat in the first half of the year and large, new apartment buildings coming on line and adding to inventory, vacancy rates have increased and lease rates in San Francisco have dropped in 2016 from all-time peaks hit in 2015. According to a November 2016 report from Trulia, over 20% of rental listings in the city saw asking-rent reductions over the past 12 months. However, other (somewhat) more affordable Bay Area counties continue to show small increases, though such increases are dramatically smaller than the torrid appreciation rates of recent years.
Note that some of these charts use average asking rents and
others median list rents, and that these 2 statistics are not identical, but
simply different ways of looking at general trends.
Long-term Trends in San Francisco Residential Rents
Trends in San Francisco, Oakland & Marin Rents
Rent Appreciation Rates
Average Asking Rents by Unit Size
San Francisco, Alameda & Marin Counties
& National Comparative Rents by County
Apartment List Rents, per Zillow
Average Rent per Square Foot Values
Percentage Changes in San Francisco Rents
Factors behind Rent-Rate Trends:
Population & New Housing Construction
San Francisco Commercial Lease Rate Trends
were made in good faith with data from sources deemed reliable, but they may
contain errors and are subject to revision. Statistics are generalities and all
numbers should be considered approximate.
© 2016 Paragon Real Estate Group