Once Booming San Francisco Apartment Market Goes in Reverse

Rents in San Francisco, the most expensive apartment market in the U.S., are tumbling as the city’s vaunted tech sector sheds jobs and more tenants leave the city.

The apartment vacancy rate in San Francisco rose to 6.2% in May, according to apartment data firm RealPage. That’s up from 3.9% only three months ago, after stay-at-home orders went into effect and more people in the city decided not to renew their leases.

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Article source: https://www.wsj.com/articles/once-booming-san-francisco-apartment-market-goes-in-reverse-11592472602

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