Wow, for once Oakland can say it beat San Francisco at something. Oakland had one of the highest apartment rent spikes in the U.S. I have always thought Oakland had great potential for rental properties. We are finally starting to see some of the rewards for putting up with ineffective city council, excessive taxes and poor leadership.
From CNN – Rental prices have indeed increased over time and in fact skyrocketed in many cities across the United States.

Oakland, CA

photo credit: Hitchster via photopin  cc 

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Filed under Market Conditions, Uncategorized · Tagged with texas, calfifornia, Chicago, cities with high rents, oakland, colarado, rental market in San Francisco, denver, florida, houston, miami, san francisco, Minneapolis, minnesota, new york, philadelphia, seattle

In 2013 the America’s Cup will come to the San Francisco Bay Area and bring with it a monstrous infusion of cash.  This is the first time since 1995 that the race has come to the U.S.
Who will benefit from the influx of sailing enthusiasts and spectators? Well according to the San Francisco Business Times nearly every conceivable industry and category will benefit in some way.
Total visitors coming to the Bay Area may exceed 500,000 for the deciding races. Apartment building owners and real estate investors stand to benefit from an increase in tourism, jobs,  rentals and parking demand. (more…)

Filed under Uncategorized · Tagged with world cup soccer, america's cup, boat racing, san francisco, san francisco bay area oracle event, apartment buildings in the bay area, sporting events, super bowl, tourism

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 east bay, oakland, rental market in San Francisco, san francisco, san francisco bay area