Rents Swoon in San Francisco, Other Expensive Cities, Texas-Oklahoma Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases

by Wolf Richter
Wolf Street

Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.

Rental markets in the US are shifting in a massive way, with some of the most expensive cities, cities across the oil patch, college-focused cities, and tech and education hubs such as Boston booking sharp year-over-year rent declines. But 60 of the top 100 rental markets booked rent increases, and 23 of them booked double-digit increases.

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