East Bay multifamily rents held steady in December amid market stabilization

The East Bay’s multifamily market closed 2025 on a note of cautious optimism, with rents largely holding steady in December after a year marked by gradual improvement. Asking rents averaged about $2,450 per month, reflecting a 0.8% year-over-year increase and continuing 2025’s much-improved performance. Rent growth has remained steady at an annual rate of nearly 1% for the past six months, indicating that landlords are regaining pricing power, despite concessions still being common in oversupplied areas.