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San Francisco rents are lower than 2.5 years ago


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2018 Apr 19, 7:43pm   2,560 views  7 comments

by Patrick   ➕follow (55)   💰tip   ignore  



Why is the 7% to 9% decline in SF rents never in the news?

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1   SFace   2018 Apr 19, 8:00pm  

"Data" reflects only what’s available on "Zumper" rather than the actual citywide median.
2   Patrick   2018 Apr 19, 8:02pm  

Do you have a better source of data @SFace ? I'd be grateful.
3   SFace   2018 Apr 19, 8:56pm  

I spot check two apartment complex as barometer for rents.

Archstone soma.

Fox plaza.

Based on those prices as published. Rents are not down.
4   Patrick   2018 Apr 19, 9:31pm  

I think Zumper includes many more apartment complexes. In fact, all their data might be apartment complexes.
5   JackD   2018 Apr 20, 5:39am  

The two properties (Archstone SOMA and Fox Plaza) are an odd choice for a city-wide barometer as they’re both in the redeveloped NEMA area and are about one block apart off of Market between 9th and 10th.
6   SFace   2018 Apr 22, 9:25am  

JackD says
The two properties (Archstone SOMA and Fox Plaza) are an odd choice for a city-wide barometer as they’re both in the redeveloped NEMA area and are about one block apart off of Market between 9th and 10th.


It's a consistent comparison point that is easily measurable. Nothing else is as measurable as that. I mean you can add park merced if I wanted.
7   SFace   2018 Apr 22, 9:26am  

ThreeBays says
I'm not super familiar with the SF market, but I see that there are decent looking 2BR condos for sale around $900k like this one for example https://www.zillow.com/homedetails/50-Jerrold-Ave-UNIT-411-San-Francisco-CA-94124/241586765_zpid/?fullpage=true, so paying $4.5k or $5k rent a month seems crazy.


Deep in hunters point. There are projects to the north south east and west. Its deal breaker.

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