As you might recall, a recent SF City Controller’s Report said that San Francisco apartment rents had dropped by nearly 10% since last fall.
But you don’t have to take our controller’s word for it — Bloomberg (though I only found the link because I read Curbed) is reporting that we join Las Vegas, San Jose, Phoenix, and Seattle as leaders in the plummeting rent race.
So, if you signed your lease during the real estate heyday of, say, a year or two ago, maybe it’s time to have a talk with your landlord, eh? Both Dave and Babe have given you hints on how to renegotiate your rent, are you considering it/have you given it a shot?
If you do go for it, it might be wise to print out that report or the Bloomberg story to bring with you to the discussion table.
FYI: in the latter case, the article is based on a report released by independent real estate analysts Reis. Sadly, we haven’t been able to look at this report firsthand, since access to their reports is on a subscription (that we totally can’t afford) basis. (But if you have a copy, let’s see it!)
