While San Francisco continued to reign as the most expensive city to rent throughout the past year, prices here showed a generally stagnant trend overall. As seen in the map, a lot of neighborhoods were in the green with negative year over year rental growth rates.
Overall, San Francisco neighborhoods close to downtown, and where a lot of the luxury housing stock is, saw a downward rental trend while the southernmost areas saw growth. The interest in cheaper neighborhoods, even if they are more on the edges of the city, seems to be spiking while the more expensive neighborhoods are falling short in that demand.
Lower Pacific Heights was the only neighborhood that had double digit rent growth, with prices up 10% since this time last year. Bayview (+8%), Tenderloin (+6%), and Lower Haight (+6%) were the areas that had the next largest spikes. On the other end of the spectrum, Cole Valley (-14%), Inner Richmond (-11%), and Mission Dolores (-9%) took the biggest rent dips.
Here are the local neighborhoods my clients are typically found in:
| Mission Bay/Dogpatch | $3,500 | -3.31% |
| SOMA | $3,500 | -4.11% |
| South Beach | $3,700 | -1.33% |