Bay Area rents (mostly) lower

Green Escrow | Rental

As the economy shifts, many Bay Area communities – particularly those near tech centers – are seeing rents dropping. San Francisco (11.8 percent), Mountain View (15.1 percent), Menlo Park (13.5 percent), Cupertino (15.7 percent), and San Jose (8 percent) all saw significant decreases on one-bedroom rentals.

On the other hand, communities a bit farther out saw modest increases – Oakland (4.5 percent), Walnut Creek (1.3 percent), and Concord (2.3 percent).

As more employees are able to work remotely and commuting is no longer a hugely significant factor, analysts expect more migration to the suburbs.