East Bay Apartment Rents Decrease Slightly while Vacancies Increase

(Oakland 3/10/2010) … The Rental Housing Association of Northern Alameda County (RHANAC) announced today that average residential rents in six East Bay cities — Alameda, Oakland, Berkeley, Emeryville, Piedmont, and Albany — appear to have decreased slightly by 1.6% from $1,108 in 2008 to $1,090 by the end of 2009 while the vacancy rate increased from 1.8% to 5.2%, a 188 % change. The study included 3,582 rental units or almost 2.5% of the entire rental market in these cities and is RHANAC’s 7th annual study of the market. The survey includes rent control units that were recently re-rented at market rates, units that are non-rent controlled, and excludes government subsidized units.

PowerPoint presentation by Rental Housing Association of Northern Alameda County