Covid Strikes! San Francisco Leads In Declining Rents At -20% YoY, NYC In 2nd Place At -15 To -17% YoY

by confoundedinterest17

Covid Strikes (paraphrasing Lou Christie).

Zumper, the apartment site, just released their apartment rents for October. And they are horrifying for the owners of rental properties (but a blessing for renters, of course).

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San Francisco and New York, the Covid shutdown leaders, still have the highest apartment rents in the nation. Washington DC is the seventh most expensive city.

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San Francisco and New York are seeing huge declines in both 1 and 2 bedroom units.

Oddly, Chicago’s rents are increasing. Two faces have the rental market.