From a plugged-in hipster’s comment:
I have rentals in SF and though it’s still pretty easy to fill a vacancy here, the prices are softening. I just re-rented a condo in the [Mission] for $2450 (was getting 2600 before).
Cue our rebuttal to the Marcus & Millichap rental outlook (and our overall outlook as well).
∙ San Francisco Recorded Sales Activity In January: Down 21.8% YOY [SocketSite]
∙ Marcus & Millichap San Francisco Rental Outlook (And Quick Rebuttal) [SocketSite]
∙ SocketSite’s Residential Real Estate Outlook For 2009 [SocketSite]