”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.
Buzz: Economic reality has hit California landlords, and their tenants are the winners with four consecutive months of falling rents.
Source: My trusty spreadsheet looked at December’s estimates of lease rates for new tenants in 56 large California cities, compiled by ApartmentList.
Topline
California big-city rents ran $2,110 a month, according to my populated-weighted average of the cities. That’s down 1.1% in a month as 88% of the big cities tracked had falling rents for the month. Rents are off $86 or 4%