In the greater San Francisco and San Jose markets, average rental prices increased by 10.4 and 12.2 percent, respectively, making the two areas the markets with the greatest rent appreciation in the country, according to a report by RealFacts, a company that analyzes rental data. The S.F. region includes parts of the East Bay, and San Jose includes other parts of Santa Clara County.

Click on the photo at right to see how rents have increased in the Bay Area.

Over the past four years, according to the survey, rental prices have climbed 13.7 percent in San Francisco, while occupancy rose only 1.3 percent. The City’s high apartment occupancy rate is one of the factors contributing to its rising prices, real estate experts agree.

“We’ve reached a point where there’s nothing out there,” said Craig Berendt, a broker with Berendt Properties. “People are knocking down my door to get an apartment.”

Renters now have to compete for apartments, sometimes creating a bidding war. Vacancies are filled quickly, and for above-average prices. Berendt recently rented a client an 800-square-foot Hayes Valley apartment with an outdated 1950s kitchen and without parking for $2,100 a month. About a year ago he would have been lucky to get $1,700, he said.

The tech industry, which is credited with contributing to the boom in both residential and commercial real estate, has created a renter profile of young, well-paid professionals who can afford the cream of the crop.

“Current renters moving in are pickier about what they want,” said Janan New, executive director of San Francisco Apartment Association. “They are willing to pay high rents, but don’t want to compromise on amenities.”

She said that means landlords have to deliver — by installing granite countertops, track lighting and other new features that also can drive up asking rates. The trend has made San Francisco a city that is increasingly unaffordable to middle-class residents, both New and Berendt said.

“I see our middle class really starting to dissipate,” Berendt said. “Obviously we don’t want that. We want a well-balanced class system, but the rents are just going through the roof.”

RealFacts’ report analyzes detailed data for 47 market survey areas in the country, including Los Angeles, Dallas, Denver and Tampa. Although the report omitted detailed information on major metropolises such as New York City and Washington, D.C., RealFacts spokeswoman Linda Burke said the company’s data on those cities supports its findings about San Francisco and San Jose.

sgantz@sfexaminer.com

Article source: http://www.sfexaminer.com/local/2012/01/bay-area-leads-nation-rental-price-increases

J.Wavro Associates, a group that specializes in rental property leasing, recently attended the Hollywood-themed San Francisco Apartment Association’s Spring Boutique Tradeshow.

Mill Valley, CA (Vocus/PRWEB) June 07, 2011

For the sixth year in a row, J.Wavro Associates, a San Francisco property management and leasing firm that specializes in rental property leasing and executive relocation, attended the San Francisco Apartment Association’s (SFAA) Spring Boutique Tradeshow, “Hooray for Hollywood.” Held on April 18th at Fort Mason, this event brought in over 300 SFAA members to interact one-on-one with representatives from businesses that provide products and services to the owners of properties.

J.Wavro Associates has attended this event for six years in a row, which has given their leasing agents a chance to interact with hundreds of owners, and answer specific questions regarding their property needs. This year, J.Wavro Associates was among 35 exhibitors at the show.

“J.Wavro Associates is always a wonderful addition to our annual trade show. Their booth is always full of lively associates happy to chat with San Francisco Landlords,” said Deputy Director of SFAA Vanessa Khaleel. “We are so happy to have them participate and add their positive energy to each and every show.”

Since 1917 the San Francisco Apartment Association has kept San Francisco housing owners informed about how to manage their property. Their service helps them protect the value of their investment, keeps them informed about their rights as owners, and affords them peace of mind. They have hosted the Annual Spring Boutique Trade Show for over 20 years.

J.Wavro Associates employs more than 20 licensed real estate professionals who specialize in rental property leasing and executive relocation service in the San Francisco Bay Area. Their leasing services help property owners enjoy the profit from their rental investments without any of the hassle. Their relocation specialists save renters time and money by quickly finding the right apartment to fit their needs.

For more information about J.Wavro Associates, call them at (415) 675-8804 or visit them on the web at http://www.jwavro-sf.com.

About J.Wavro Associates

J.Wavro Associates is a group of licensed real estate professionals specializing in rental property leasing and executive relocation in the San Francisco Bay Area. They specialize in helping to lease rental properties, and have an extensive corporate and private network that allows them to consistently attract suitable tenants. Their Bay Area executive relocation specialists offer rental assistance to people looking to move to the Bay Area or locals looking for a new home. The real estate professionals of J.Wavro Associates can provide a wealth of knowledge on a particular neighborhood or neighborhoods of interest to clients. They will also identify specific properties that fit the client’s exact needs and budget. As part of their executive relocation service, J.Wavro Associates will arrange appointments, provide property tours and assist in lease negotiations.

J.Wavro Associates serves the City of San Francisco and other Bay Area locations including the South Bay and Marin.

###

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebrental-properties/san-francisco/prweb8540519.htm

When it comes to investing, you cannot settle for anything less than the fastest and most efficient news feed. That is why we created Benzinga Pro. Sign up for a free trial today!

Article source: http://www.benzinga.com/press-releases/11/06/p1143431/san-francisco-rental-properties-leasing-company-goes-hollywood

James Wavro, of J.Wavro Associates, was recently awarded the prestigious President’s Award for 2010 by the San Francisco Apartment Association (SFAA) at their Trophy Award Ceremony. Established in 1917, the SFAA is a non-profit organization that represents rental property owners, and provides services like political representation, an online magazine, educational resources, and news. The Trophy Awards honor firms and employees that are leaders within the rental housing industry. The President’s Award is reserved for an individual whose contributions to the rental property industry are truly above and beyond expectations.

“James Wavro is probably the hardest working, diligent, and conscientious professional I have ever had the pleasure to work with in the housing industry,” said Dave Wasserman, Ex Officio President of the SFAA. “As such, my decision to bestow the SFAA President’s Award onto him was made with utmost ease.”

The 4th Annual Trophy Awards Ceremony was held at the stately Palace Hotel in San Francisco. Over 300 rental property industry professionals donned their finest formal attire and gathered together for the cocktail hour, sit-down dinner and awards presentation ceremony.

The Trophy Awards honor the leading firms, employees and properties in the rental housing industry. For most awards, prospective honorees are nominated by colleagues or SFAA members, and sent a questionnaire packet. Their full and honest answers, and accompanying documents, are reviewed by a panel of judges who then choose the nominees and winners.

The recipient of the President’s Award, however, has no nomination process or panel of judges; this special award is decided only by the president of the SFAA and is given to select individuals for lifetime achievement of excellence in the field.

In addition to the President’s Award, San Francisco property management and leasing firm J.Wavro Associates was honored when Joanne Fazzino of J.Wavro Associates won Leasing Agent of the Year 2010.

J.Wavro Associates employs more than 20 licensed real estate professionals who specialize in rental property leasing and executive relocation service in the San Francisco Bay Area. Their leasing services help property owners enjoy the profit from their rental investments without any of the hassle. Their relocation specialists save renters time and money by quickly finding the right apartment to fit their needs.

For more information about J.Wavro Associates, call them at (415) 675-8804 or visit them on the web at www.jwavro-sf.com.

About J.Wavro Associates

J.Wavro Associates is a group of licensed real estate professionals specializing in rental property leasing and executive relocation in the San Francisco Bay Area. They specialize in helping to lease rental properties, and have an extensive corporate and private network that allows them to consistently attract suitable tenants. Their Bay Area executive relocation specialists offer rental assistance to people looking to move to the Bay Area or locals looking for a new home. The real estate professionals of J.Wavro Associates can provide a wealth of knowledge on a particular neighborhood or neighborhoods of interest to clients. They will also identify specific properties that fit the client’s exact needs and budget. As part of their executive relocation service, J.Wavro Associates will arrange appointments, provide property tours and assist in lease negotiations.

J.Wavro Associates serves the City of San Francisco and other Bay Area locations including the South Bay and Marin.

###

For the original version on PRWeb visit: www.prweb.com/releases/prwebrental-properties/san-francisco/prweb8390075.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/05/06/prweb8390075.DTL