Why did rents dip in SF but plunge in New York? - Curbed SF

Why did rents dip in SF but plunge in New York? - Curbed SF

Why did rents dip in SF but plunge in New York? 2016 saw rents decline coast to coast, but fate bestowed the best benefits back east Anyone who asked Santa for slightly lower citywide rents saw their oddly specific holiday wish come true last month. While the rental site Zumper did record a slight 0.6 percent creep in the price of a one bedroom citywide and an even smaller 0.2 blip for two bedrooms, that's all pretty marginal. Year over year, Zumper's figures are still down about four percent citywide. Competitor ApartmentList has city prices down 2.5 percent from last year and dead flat month over month. Both sites price a one bedroom home on their platform at at about $3,345/month. RENTCafe agrees , pricing the city median at almost the exact same figure, minus two dollars. (Note that RENTCafe lingers a few weeks behind the other sites and so is still providing November numbers, but also draws its data from an independent research group rather than just its own listings.

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