Rents falling as unemployment rises

01/24/2010 2:13:00 AM
Posted by admin

Rents are falling across the bay area as the bad economy takes its toll on employment. Single digit drops in rent over one year are almost unheard of in this area.

In the San Jose-Sunnyvale-Santa Clara area, the average was $1,484, down 11.6 percent from a year ago, while occupancy stood at 94.6 percent compared with 95 percent a year ago.


This entry was posted on Sunday, January 24th, 2010 at 2:13 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a comment, or trackback from your own site. You can .
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