SFCED | San Francisco Center for Economic Development

Is the Bubble Popping? San Francisco Apartment Rents Fell in November as Oakland Soared

San Francisco’s rental market saw something that hasn’t happened in eight months: a decline in prices.

The city’s rents fell by 4.6 percent to $3,500 per month for a one-bedroom in November, down from a peak of $3,670 in October, according to research from Zumper. San Francisco is still the country’s most expensive market based on one-bedroom rents, ahead of New York and Boston.

A new city took the dubious rank of fourth-most expensive city: Oakland, which was the fifth-most expensive city last month. The East Bay’s biggest city is now pricier than San Jose, as one-bedroom rents surged to $2,190, a 19 percent increase over the past year, which is the biggest jump anywhere in the country.

Read more: San Francisco Business Times (blog) Is the bubble popping? San Francisco apartment rents fell in November as

Is the Bubble Popping 2

San Francisco’s rent dipped in November as Oakland surged to the country’s fourth-most expensive.  ZUMPER