Figures

Bay Area Multifamily Figures Q1 2026

AI-Driven Tech Resurgence Fuels Bay Area Recovery

May 28, 2026 5 Minute Read

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  • Bay Area rent growth accelerated through the first quarter from 4.3% in 4Q25 to 5.4% in 1Q26
  • Vacancy rates decreased 80 BPS QOQ
  • San Francisco’s vacancy rate compressed to 2.9%, a 25-year low
  • The Bay Area absorbed 6,450+ units
  • Sales in 1Q26 totaled $1.65 billion, a decline from the three prior quarters