[neivin]

SF rents have fallen significantly only in "undesirable" areas which are mostly offices and high rises where rents were exorbitant anyway.

My friend's shoebox apartment was $3300/mo which he renewed for another 13 months for $2200/mo with 2 months rent free.

However, more residential neighborhoods have seen rents drop by only a little bit.

[juniper_strong]

"The median 1-bed price in San Francisco last month was $2830, a 20.3% decrease from a year ago. Not only is this drop among the largest yearly decreases Zumper has ever recorded in our history of tracking rental prices, but it was also the first time the median 1-bed price in San Francisco was priced below $3000. These combined trends show just how drastically the market has changed in the nation’s most expensive city to rent."

- https://www.zumper.com/blog/zumper-national-rent-report-octo...