The advertisements for the event flooded Craigslist this week, showcasing all levels of units, with many offering 2.5 months of free rent in the title of the listing. That’s likely a lot more valuable than a couple of free beers on a rooftop, but keep in mind that luxury buildings are more likely to offer these types of deals to lure in renters only to have the rent increase after a year lease.
Dubbed “Vance,” the building opened up in September at 830 Eddy St., featuring studios to three-bedrooms with luxury price tags to match. The Cathedral Hill apartments (which is a made-up neighborhood name employed to avoid calling it the Western Addition) have that all-white and steel aesthetic characteristic of these new high-end buildings, with the occasional concrete beam to break up the monotony. There’s also a fitness center and a working space, and the parking garage boasts electric vehicle charging stations — the new must-have among Bay Area home seekers.
Studios start at $2,749, according to the website, and three-bedrooms go for as much as $10,466 per month. Zumper reported the median rent of a three-bedroom apartment in the Western Addition is $4,325.