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San Francisco Apartment Owners Discount Asking Rents, Ramp Up Concessions as Occupancy Recedes to Historic Lows

Downturn in Asking Rent Continues Into Summer, Diverging From Remainder of Nation
CoStar Analytics
July 21, 2020 | 9:26 P.M.

Asking rents for apartments in San Francisco continued to slide through June. Rents are down roughly 5% from their pre-pandemic peak levels as well as on an annualized basis.

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