• BraveSirZaphod@kbin.social
    link
    fedilink
    arrow-up
    2
    arrow-down
    2
    ·
    1 year ago

    From some data I could find, the average one bedroom rent in January 2020 was $3050. From the same source, it’s currently around $2900. That 2020 number adjusted for inflation is $3600. So, rents seem to have both nominally and truly fallen.

    I’d assume it’s largely due to lower demand because of remote work, since SF surely hasn’t been building anything. Thanks for the good example that increased vacancy does indeed lead to lower rents.