Bay Area rents slowly increasing?

We’ve heard quite a bit about Bay Area rentals decreasing, particularly in the metro areas of San Franciso, Oakland, and San Jose (in fact, we published just such a report last week). Now Zumper is reporting that rents in those three cities are seeing a modest increase for the first time in almost a year.

San Francisco saw an increase of 0.8 percent on a one-bedroom rental, while Oakland’s rates rose 2.56 percent and San Jose’s increased by 1.9%.

Analysts point out that it’s too early to predict a trend but all signs indicate that the rental drops have ended or at least plateaued.

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