Rental Prices are Decreasing in San Francisco!
San Francisco's strong rental market softened over the past six months as more supply entered the market. Many tenants have struggled to afford such expensive rentals, and with the increase in supply some landlords are offering slightly lower rents. Much of the new supply has been in the SOMA area, preferred by more junior executives, while senior executives prefer areas like Presidio, Pacific Heights, and Sea Cliff. More rental supply is expected by the end of the year.
Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments based on our expert international surveys, which are conducted by our global data collection team on-location.
This quarter's cost-of-living surveys were conducted primarily in North America, Central and South America, the Middle East, Africa, and maritime Southeast Asia-Pacific.