San Francisco multifamily rents hold steady in November as market momentum persists

San Francisco’s multifamily market continued to show resilience in November, even as monthly rent growth paused. After months of robust increases, average asking rents edged down by 0.06% from October, settling at $4.42 per square foot. This minor dip follows a strong upward trajectory earlier in the year and reflects seasonal moderation rather than a reversal of fundamentals.