Monday, December 12, 2011

Report: Rents falling, but S.F. still expensive - San Francisco Business Times:

efiosyt.blogspot.com
percent in San Francisco over the last part of a trend around the United but the City bythe Bay’s stillk not a cheap place to live. A studyy by showed a 2.7 percent drop in San Francisco metro area askinfg rents in the second and those inSan Jose’s metro area fell 3.8 San Mateo saw its average rent fall 6.5 percentr year-over-year to $1,672. The only quarterly gainas in the country werein Tampa-St. Fla., where rents grew 1.2 percent; Kansad City, where they grew 0.7 percent; and San Antonio, where they grew 0.6 percent. Average askinbg rents in the natiobnwere $968 per month in the seconr quarter, down from $978 a month in the firsy quarter.
In the San Francisco-Oakland-Fremony region, average rents were $1,544, down 2.7 percent from $1,5877 in the first Rents were down 4.6 percent from a year ago. Occupancyt in the region was 94.3 percent. San Francisco itseltf is still a very expensivse place tolive — average rent there was $2,27q1 per month, an occupancy is 96.1 percent, higheer than anywhere else in the area. Marin’s occupancy rate was 95 percenft and average rent therewas $1,686. Averagre rent in the city of Oaklandrwas $1,550, down 0.7 percent over the last RealFacts, based in Novato, is led by CEO Carolined Latham, who started the business in 1989 with her Sarah Bridge.

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