Bay Area rents fell 8.2 percent in 2009

December 31, 2009 6:34:02 PM PST
Renters in the San Francisco Bay Area are seeing a bit more green these days.

MPF Research reports that rents fell 8.2 percent in our region in 2009.

The company predicts that rents will decline another 2 to 3 percent in 2010.

Part of this is attributed to a higher than normal vacancy rates.

It seems many renters who lose their jobs end up moving in with relatives.