Bay Area apartment rents slowed their march upward in the third quarter in a sign that the worst may be over in a region that has been slammed by two years of increases, according to a report Tuesday.
The average $2,006 a month asking price for all types of units was up 2.6 percent from the second quarter, considerably lower than the 5.2 percent jump earlier this year. The annual growth was 9.2 percent, according to RealFacts, which tracks apartment complexes of 50 units or more.
With occupancy rates dipping, RealFacts said, rent increase may continue to slow as landlords face more competition, particularly as more apartments are built.
Pete Carey at Mercury News.
Come home after work and enjoy one of the most desirable neighborhoods in Cupertino. Pamper yourself and family with this warm and well maintained home while enjoying the lifestyle of Silicon Valley, with Cupertino City Hall, Library, Amici Pizza and Curry House only minutes away. Don’t miss Memorial Park and Vallco Shopping Mall. This is the house you have been waiting for to call it home.
Those who are interested, contact Michael Koo at (408) 593-0304 or email to brokerkoo@gmail.com
A remodeled one level house with 3 bedrooms & 2 baths around 1,392 ft, new interior paint, all double pane windows, hardwood floors throughout, bright kitchen with granite counter, remodeled bathrooms, new water heater, new washer & dryer, spacious back yard, two car garage, close to park, library, freeway and shopping centers, central heating with air-conditioning , top Cupertino schools including Eaton elementary, Lawson middle & Cupertino high.
Gardening service included
No-pets & Non-smoking
Min 1year lease
$2,750 per month and deposit is $2,750
Available immediately
Contact Michael for showing (408) 593-0304 and email is brokerkoo@gmail.com
Bay Area apartment rents slowed their march upward in the third quarter in a sign that the worst may be over in a region that has been slammed by two years of increases, according to a report Tuesday.
