PUYALLUP, Wash. – May 18, 2023 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the...Read
SF, Oakland Lead Nation in Rent Increases
San Francisco led the country in rent growth during Q2 2013, with rents jumping 7.8% to $2,498—making the Bay Area the best place in the country to be a landlord. Oakland’s 6.9% increase in rents came in at #2, and San Jose’s 5% rise placed #5. The combined Bay Area’s 6.8% rent growth was more than double the nation’s 3.1%.
The rental surges are fueled by the generally improving economy and, specifically, the positive performance of two key industries: technology and energy.
The following list includes the MSAs that saw the steepest rent increases year-over-year in Q2 2013:
- San Francisco, CA: 7.8%
- Oakland, CA.: 6.9%
- Denver, CO: 6.1%
- Seattle, WA: 6%
- San Jose, CA: 5%
- Portland, OR: 4.4%
- Houston, TX: 4.3%
- Austin, TX: 4.1%
- West Palm Beach, FL: 4%
- Fort Worth, TX: 3.6%
Read more at the Wall Street Journal