Bay Area rents down for second straight quarter

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/23/BUV3176CF5.DTL

by gibsonf1 • 17 years ago

24 12 17 years ago

catch23• 17 years ago

supposedly business rental areas have drastically cut prices. hackerdojo was looking for office rental space for awesome hacker mayhem and managed to find a space at 40 cents a square foot, or $4000 for a 10,000 square foot space in a downtown location.

nostrademons• 17 years ago

I'm seeing both ends of this. My roommate is moving out because she's worried about her job and is looking for a cheaper place so she can save up some money. I'm looking to upgrade, because decent 1BRs are now only a couple hundred more than I pay for my room now. Places that were $1700+ when I looked at them in December are now going for under $1400, and there're even a few 1BRs (in crummy complexes) available for under $1000, whereas there was nothing under $1200 back then.

I'm also noticing that there's a lot of shifting around with my coworkers' friends/roommates. A lot of people are moving around, either because they're not secure in their jobs and want to downgrade, or because they're bargain-hunting and want to upgrade.

novum2• 17 years ago

I live with 4 other people in SF. Our one-year lease is up in July, and even the most cursory browsing of craigslist shows that we're far overpaying for our apartment, even within our immediate neighborhood.

Landlord offered to drop our rent by $750 for next year. Any other time, we might have taken it; but now we can live in a bigger, nicer apartment for $1500 less.

Shamiq• 17 years ago

Thought about brining this up with your landlord? Seems like too much available supply. He may comply without y'all having to worry about moving and the associated headache (think of all your "behind-the-desk" cabling).

novum2• 17 years ago

Yeah, we've had a lengthy (but polite!) email back-and-forth with the landlord about this. Honestly, I think at this point he's just calling our bluff - that we won't move because of all the hassle involved.

But we're all 20-somethings, so we're definitely willing to move in order to save that kind of cash :)

banned_man4• 17 years ago

http://www.youtube.com/watch?v=sGgkA91hOb8

banned_man4• 17 years ago

Why was this voted down?

jerryji• 17 years ago

Because that points to an irrelevant (and downright stupid) "Final Fantasy V Music - Victory Fanfare".

banned_man4• 17 years ago

Given the downvote mobbage that has just occurred over an appropriate post, it seems as if HN is turning into Reddit.

syntactic• 17 years ago

I was trying to rent my 2 br (technically 1 br since 2nd br was large but didn't have closet) place in hayes valley and saw this happen nearly in the blink of an eye: I had a renter ready to go at $3,000/ mo in December, but foolishly turned him down because he needed it too quickly and I wasn't yet ready to move out. Then in January, a lot of people coming through kept mentioning how many 2 br's were out there, and I ultimately ended up renting it for $2650 after the applicant showed me several comps at lower prices.

tmpk• 17 years ago

To add another data point. I recently rented a 2 BR apt in a nice complex in Santa Clara for $1400. The ad asked for $1500, but I negotiated it down to $1400 with a slightly longer lease term. Just 6 months ago, the same apt was renting for $1800.

Bay Area rents down for second straight quarter

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