Bay Area Rental Market Gives Tenants an Edge

Bay Area Rental Market Gives Tenants an Edge

Lily Gahagan
Jan 21, 2009

The good news: A recent study shows that Bay Area rents will soften in 2009 due to the lagging economy. The bad news: You mean besides the lagging economy? Well...

To be a little less vague, there should be more rentals saturating the market due in part to job losses (which in turn lead to loss of apartments), but also because many foreclosed houses have been bought up by investors who then attempt to rent them out. Most of these properties are located in the East Bay and San Jose, where you're likely to find a relatively good deal for a rental. But it looks like the same isn't the case for San Francisco, where the rental market continues to remain "healthy". The bottom line: rent will continue to rise, just not as much as in recent years. Dang. Read the article here.

Image:jtstrathdee

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