San Francisco’s rent prices have never returned to pre-2020 levels

Re:San Francisco’s rent prices have never returned to pre-20... by darth_avocado on Saturday December 23, 2023 @08:45PM (#38750267)

I think it’s something else. I was recently apartment hunting and most of the vacant apartments in the city are offering 1-3 months free but are keeping the overall rent high. Which brings down the annual rent to anywhere from 10-25% lower, but the monthly rent stays well over the median that’s being reported.

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Re:San Francisco’s rent prices have never returned to pre-20... by xapata on Saturday December 23, 2023 @09:13PM (#38750445)

Unfortunately, to carry that low annualized rent forward, one must move annually.

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Re:San Francisco’s rent prices have never returned to pre-20... by slt2021 on Saturday December 23, 2023 @09:05PM (#38750393)

this is due to rent control. Landlord don't want to lose advantage of "high base"

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Re:San Francisco’s rent prices have never returned to pre-20... by jeffbee on Saturday December 23, 2023 @09:27PM (#38750525)

It doesn't work that way. The first year base rent is all the rent paid divided by 12.

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Re:San Francisco’s rent prices have never returned to pre-20... by mupuff1234 on Saturday December 23, 2023 @08:49PM (#38750306)

Same in NYC.

Streeteasy has a data dashboard and is showing that % of rentals offering concessions is at an all time high (excluding the covid anomaly)

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