San Francisco Bay Area Rents Trending Down in Some Cities

According to Abodo, an apartment rental search website, rents in San Francisco and San Jose have starting trending downward, after many years of increases. For example, a typical bedroom apartment in San Francisco saw it’s rent go from $3,950 to $3,700, a drop of 6 percent from August to September, 2016. In San Jose, the drop was a more dramatic 12 percent, from $2,790 to $2,455.

However, Oakland has not yet shown this downward trend. From August to September the rent for a typical apartment went from 2,254 to $2,299, a 2 percent increase. However, the rate of rent increases has slowed from 7.2 percent and 13.7 percent in the previous two quarters respectively.

Incomes have gone up dramatically and some believe that Oakland is still playiing catch-up with the Peninsula and San Francisco. However, if the new trend continues, it could indicate that renters are reaching their maximum rent-paying capability for Oakland as well.

About Anian Tunney

Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.

Contact Information

Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

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