Rents keep rising in the Bay Area and analysts predict there is no end in sight. The continued supply shortage has kept rental units at a premium.
Nationwide, rents rose 2.3 percent over the last year. In the Bay Area, rents rose 3 percent year over year in March in San Jose, 1 percent in San Francisco and 6 percent in Oakland. Currently, a two-bedroom apartment in Danville can go for as much as $5,400 a month.
Experts also point to the issues such as rent control in San Jose which are keeping many residents in their current homes.
Leave a Reply