It's Still Too Damn High

It's Still Too Damn High

Still High Rent Begins Falling in the Mission

While it comes as no surprise that rents across San Francisco continued to increase this past September, the Mission and Bernal Heights were two notable exceptions to the trend.

Curbed reports:

The Mission, which seems to always feature in conversations about about gentrification and high rents, has since January actually seen its median one-bedroom rent fall by $300, to $2,500, which is lower even [than] its August 2013 rate of $2,725. This is one of the only neighborhoods that has seen a price drop, although nearby Bernal Heights has also lowered from $3,070 in January to $2,650, just above last year’s $2,525.

It is important to note that it’s unclear if this is an actual sustained downward trend or just a quick moment of relief. As Curbed and Zumper’s data points out, rents increased in the Mission at least through this past January before falling in recent months.

[Curbed]