San Francisco rent growth ranks as highest forecasted for 2016

Yardi Matrix monthly survey reports US year-over-year rental price gains of 5.6 percent
  • Yardi Matrix's monthly survey report of 119 markets found rents rose in price by double digits for the third straight month, and $10 for the month of June.
  • San Francsico ranks no. 1 for forecasted rent growth, with a rate of 10.5 percent by the end of 2016.
  • Occupancy rate in San Francisco dipped slightly in May, from 96.8 percent to 96.6 percent.

U.S. apartment rents have increased for the third-straight month, according to Yardi Matrix’s monthly survey of 119 markets. June rent rates increased by exactly $10, or 0.9 percent, to another all-time high of $1,213.