SF, Bay Area rents continue to fall

San Francisco and Bay Area rents continue to decline at a rate faster than the national average. Rents in San Francisco in December fell 1.1 percent% to $2,174 per month.

Currently San Francisco and San José are the only two metro areas with populations over 1 million that have rents lower than pre-pandemic levels.

Analysts cite the ongoing tech layoffs as having a major impact on rentals.

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