Spanning November 2014 to November 2015 the median rent of a one-bedroom apartment grew by 19 percent in the city, the largest year-over-year rise of any large metro, according to findings from Zumper. This nearly 20 percent increase pushed the median rent of a one-bedroom apartment to $2,190 in November, making Oakland the fourth most expensive market in which to rent such a unit.
- Oakland is a more expensive rental market than San Jose when it comes to one bedrooms.
- Rents for two-bedroom apartments in Oakland grew by double digits during a recent three-month span.
- Minimal new rental product will be delivered in Oakland next year.
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Inman Connect New York | January 29 - February 1, 2019