Rental prices continue to make strong strides, growing month by month and year by year. According to Yardi’s month survey of 119 metros throughout the nation, the U.S. saw a rent increase of 6 percent in May 2016 since May 2014 to another all-time high of $1,204.
- Nationwide rents grew 0.9 percent in May over the previous month and 6 percent on an annual basis.
- Rent prices are growing San Francisco but the growth rate dipped in May over the previous month.
- Occupancy rates in San Francisco have remained strong month-over-month at 96.8 percent.