Rents soar in San Francisco, up 3.7 percent nationwideBy JOSH BOAK
Asking rents at office properties in San Francisco reached another new high, according to Cushman & Wakefield’s first quarter San Francisco office report. Robert Sammons, Cushman & Wakefield’s senior director of research for Northern California, said, “In the past six months, there have been ...
Calling the practice "automated price-fixing", Peskin said the ban would "allow the market to work and bring down rents in San Francisco." Peskin said companies such as RealPage and Yardi, which collect rental data from landlords to make pricing recommendations, ar...
Apartments for rent in San Francisco. Getty Images For those who want to stay in major cities, the coronavirus pandemic has had one benefit: Rents have fallen in some areas. That means it's a great time to negotiate a lower monthly payment or snag a deal on a new apartment. In O...
In San Jose, rents were down 0.9 percent compared to a year earlier. Meanwhile in San Francisco, rents dropped by 0.6 percent. Renters in San Jose say the slight decrease is not enough to make up for years of sharp rent hikes, but they do hope it's the start of a long-term trend...
While mortgage lenders generally suggest borrowers pay no more than about 30 percent of their wages on housing (mortgage interest, principal, taxes, insurance), renters in San Francisco, San Diego, Boston, Baltimore, Washington, D.C., and Chicago pay more than that for a two bedroom rental,...
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The history of rent changes for the last 4+ years is shown in the next chart, below, along with a projection of where rents would be if the pattern of growth that existed before the pandemic had continued. By this estimate, rents are now about $167 per month (14 percent) above where...
Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.
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