SF Bay
The rental market in San Francisco has been on fire for months. I first noticed the trend around March 2011 when I called to get information on a nice little apartment building for sale in the Mission. The broker said he had 3 offers over asking. I knew immediately that the market had turned, and it has only goten stronger over the ensuing months as anyone in the real estate world can attest.

Young tech workers flush with huge salaries and stock options flock to desirable neighborhoods, driving up prices in an already competitive rental market. And when renters get priced out of San Francisco where do you think they go? You guessed it Oakland. Consequently the East Bay rental market, which lags about six months behind San Francisco, is beginning its run up. This is first seen in top markets such as Lake Merritt and Rockridge where BART provides easy access to San Francisco.
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Filed under Investing in Multi-Family, Market Conditions, Stories about Commercial Real Estate · Tagged with , , , ,

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