San Francisco rent growth slows following new supply output

  • Yardi reports annual rent growth at 4.7 percent nationally in September, falling for the first time since last November.
  • Despite seeing a slow in rental price growth, San Francisco is still the no. 1 metro for predicted rent growth by the end of the year.
  • San Francisco's occupancy rate was 96.5 percent in August – a 0.1 percent increase over July's rate.

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Inman Connect New York | January 29 - February 1, 2019

For renters, a slowdown in the market’s growth is a welcome trend. While the drop was hardly noticeable, September saw its first monthly dip since November 2015 to $1,219, down just one dollar from August, according to a new report.
According to the Yardi Matrix Monthly report for September 2016, which measures 123 markets throughout the nation, rent prices grew 4.7 percent in September on an annual basis, a 30-basis-point decrease from August and 200-basis-point decrease from the most recent high in October 2015.