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Market Reporting that Matters

Bay Area Apartment Markets Regaining Momentum

Rent Growth Rises in San Francisco, San Jose

By Lindsey Allen | Friday, June 23, 2017

Annual effective rent growth in San Francisco and San Jose returned to positive levels in April and May, according to Axiometrics apartment market research, though Bay Area apartment rents are still not rising at the levels seen in 2014 and 2015.

Further evidence of the recovery comes from RealPage lease transaction data, which shows that new-lease trade-out value increased in April and May, while renewal rent growth was strong even during the slump.

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Lindsey Allen

Lindsey Allen

Real Estate Writer

Lindsey Allen is a Real Estate Writer for RealPage. Prior to joining RealPage, Lindsey wrote for news publications as a journalist and for apartment properties as a marketing and leasing content creator. She holds a bachelors in news and information from Oklahoma Baptist University.

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