Rents are falling and vacancy is rising in San Francisco as the coronavirus pandemic continues to take a toll on the Bay Area’s tech economy. Rents are down 9.2 percent year-over-year, according to RealPage. That doesn’t mean apartments are now cheap, but the drop brings rents to their lowest since at least 2015 — the median rent on a one-bedroom apartment was $3,360 in May, a roughly $300 decline year-over-year. Vacancy hit 6.2 percent in
source https://therealdeal.com/2020/06/18/san-francisco-rents-gets-huge-correction/
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