Although growth in San Francisco rentals still exists, it is much slower compared to past years. San Francisco’s apartment stock would increase by more than 9,000 – double the amount in 2014 and 2015.
Rents within the city increased 5.5 percent year-over-year in June, as opposed to 16.4 percent for June 2015, reported Yahoo Finance, citing new Zillow data.
“Listings that once rented in just two to three weeks can now take two to three months to rent,” Skybox Realty Principal Broker Paul Hwang told Yahoo. The slowdown in rental growth has spurred some apartment landlords to create new ways to entice renters into their dens.
Read more: San Francisco Business Times (blog) San Francisco rental growth slows, landlords offer incentives