Bay Area rents to continue to decline for years

Yes, there was a small increase in Bay Area rents from December to January but some analysts now say that this may have been more a product of the typically high demand for moving in January than a change in direction.

Many multi-family buildings are offering weeks – or even months – of free rent as demand continues to decline.

Sacramento and Bay Area rents have dropped nearly 9 percent since last January while the national average is less than 1 percent. Of course, Bay Area rents are still among the highest in the nation.

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