South Bay rental rates down


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San Jose and San Francisco rank behind New York, as the top spots in the nation for falling rents.

In New York you'll pay an average of almost $2,700 a month for an apartment, down 5.8 percent. Rents are down 5.1 percent in San Jose and 4.7 percent in San Francisco.

The national vacancy rate has hit a 22 year high, up 7.5 percent in the past three months.

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