SF Ranked #1 in Declining Rents for Q1 ’09
April 30, 2009An article on Realtor.org ranks the largest metros in the nation that have undergone the most extreme drops in rental rates in Q1 2009. San Francisco tops the list, with a 2.8% decline over the first quarter from Q4 2008. Here is the remainder of the list:
- San Francisco, CA: -2.8 percent
- New York, NY: -2.6 percent
- San Jose, CA: -2.5 percent
- Long Island, NY: -2.3 percent
- Charlotte: NC: -1.3 percent
- Chicago, IL: -1.2 percent
- San Antonio, TX: -0.9 percent
- Cleveland, OH: -0.9 percent
For a separate but related article referencing the metros with the largest rent declines in Q4 2008, click HERE. Salt Lake City tops that list, with a 5.7% decline from the previous quarter.
Renters: Dust off those leases. It's time to negotiate!
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