In Oakland, the largest rent decline in California, down 8.8%, was noted, making it the biggest drop in the nation despite still having high rents.
San Diego's overall rents decreased by 3.8% over the year, making it the eighth biggest decline among the top 100 large US cities, with median rents remaining high.
Despite overall rent increases in cities like San Jose, where rents rose by 1.9%, California still shows a trend of falling rents in major cities.
The data revealed that in several California cities, rents fell significantly, indicating a shift in the rental market that favors tenants.
[
Collection
]
[
|
...
]