The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: portage who wrote (7082)	11/27/2002 1:52:45 PM
From: Lizzie Tudor	Read Replies (2) of 306849

and on this note... . Average monthly rents for apartments have fallen throughout the Bay Area: to $1,600 from a peak of $2,169 in San Francisco, to $1,232 from $1,388 in the East Bay, and to $1,348 from $1,935 in Silicon Valley. Vacancy rates in each of those areas have now reached or exceeded 6 percent. S.J. leads in rental building CITY TPS IN STATE WITH 13,323 MORE UNITS PLANNED BY '06 If developers complete those apartments planned for San Jose, that would represent an increase of more than 43 percent over the city's existing number of apartments. It also would be more than 2 1/2 times the 5,064 rental units built in San Jose over the previous eight years. siliconvalley.com

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