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San Francisco Rent Recovery Continues San Francisco’s average advertised asking rent grew 0.5 percent on a T3 basis through May, to $2,880, 20 bps above the U.S. average. Despite a strong 2024 for new supply, the metro’s occupancy inched up 10 bps, to 95.4 percent in April.
San Francisco’s average advertised asking rent grew 0.5 percent on a T3 basis through May, to $2,880, 20 bps above the U.S. average. Despite a strong 2024 for new supply, the metro’s occupancy inched up 10 bps, to 95.4 percent in April.
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