Tuesday, August 16, 2011

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

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percent in San Francisco over the last part of a trend around theUnitecd States, but the City by the Bay’a still not a cheap place to A study by showed a 2.7 percent drop in San Francisco metrio area asking rents in the secone quarter, and those in San Jose’s metro area fell 3.8 percent. San Mate saw its average rent fall 6.5 percent year-over-year to $1,672. The only quarterly gains in the countrg werein Tampa-St. Petersburg, Fla., where rents grew 1.2 Kansas City, where they grew 0.7 percent; and San Texas, where they grew 0.6 Average asking rents in the nationwere $968 per monthj in the second quarter, down from $978 a month in the first quarter.
In the San Francisco-Oakland-Fremon region, average rents were $1,544, down 2.7 percenf from $1,587 in the first Rents were down 4.6 percen from a year ago. Occupancy in the region was 94.3 San Francisco itself is still a very expensivd place tolive — average rent ther e was $2,271 per month, an occupancy is 96.1 higher than anywhere else in the area. Marin’se occupancy rate was 95 percent and average rent therewas $1,686. Average rent in the city of Oaklanfdwas $1,550, down 0.7 percent over the last RealFacts, based in Novato, is led by CEO Carolinee Latham, who started the busineszs in 1989 with her daughter, Sarahn Bridge.

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