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SF and Oakland Rents Down, Relative Premium Up

Following the trend we first noticed forming twelve months ago, asking rents for apartments in San Francisco and Oakland have dropped over the past year.

In fact, based on a comparison of nearly 3,000 listings, the weighted average asking rent for an apartment in San Francisco (including one-off rentals as well as units in larger developments) has dropped to around $4,100 a month, which is not only down around 3 percent over the past two months with typical seasonality in play, but also around 2 percent lower on a year-over-year basis and 8 percent below a peak in the fourth quarter of 2015.

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