SF Renters May Finally Have More Negotiating Power
“The balance of power has absolutely shifted” in the COVID rental market, according to Zillow
By Johnny Funcheap - posted 8/4/2020
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Thanks to KPIX for letting us know that the COVID rental market has shifted things in the Bay Area and that the rental market has “come back to earth.”
“The balance of power has absolutely shifted” – Jeff Tucker, economist, Zillow
According to Zillow, current lease holders and renters have more leverage in negotiations with landlords than they have in years. Rents in SF have dropped 3.2% from last year. San Jose rents have dropped 1.4%. Oakland has seen rents stay fairly steady with a modest 0.6% increase in June.
Read more at KPIX
