Rents slowly increasing

As the pandemic eases, rents in the Bay Area are slowly increasing, although they remain below pre-COVID levels for the most part. Over the last three months, San Jose has seen an increase of 2.9 percent, while Oakland is up 3.6 percent and San Francisco 5.3 percent.

Some analysts believe that rents may never return to pre-2020 levels because many who left the Bay Area during the past year will not return.

Even with the downturn in rental rates, Bay Area cities remain among the six most expensive areas in which to live in the nation.

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