May 1, 2013
San Francisco Rents Reverse Fourth Quarter Dip, Jump In Oakland
Having ticked down a few dollars from $2,768 in the third quarter of 2012 to $2,741 in the fourth quarter, the average apartment rent in San Francisco ticked back up to $2,790 per month in the first quarter of 2013, up 4.8 percent on a year-over-year basis according to RealFacts.
Over in Oakland, the average monthly rent is up 14.6 percent year-over-year to $1,947 per month while down in San Jose it's $1,873 per month, up 8 percent year-over-year.
Keep in mind that RealFacts’ figures are based on surveys of professionally managed apartment complexes with 50 or more units (which aren't necessarily the norm in San Francisco) and reflect asking rather than effective rents after incentives.
∙ Have San Francisco Rents Hit A Real Wall? [SocketSite]
First Published: May 1, 2013 8:30 AM
Comments from "Plugged In" Readers
And worth every ulcer.
Posted by: sf at May 1, 2013 9:08 AM
I have seen a huge outflow of 20 and 30 somethings to Oakland among my circle of friends/acquaintances. And they all say they love it.
Should be interesting to watch.
Posted by: badlydrawnbear at May 1, 2013 10:23 AM
It's the circle of life in big cities. Some people come in, some people move out. It's not all about money, but your lifestyle, your standards, where you are in life, and the recognition of the best compromise.
One thing though. When you meet someone from New Jersey he'll tell you why he thinks it's so much better than NYC. A New-Yorker will never need to justify himself.
Posted by: lol at May 2, 2013 1:35 PM