Figures
Bay Area Multifamily Figures Q2 2026
San Francisco 15% Rent Growth Charges Greater Bay Area Resurgence
August 17, 2026 5 Minute Read
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- •Bay Area rent growth reached 7.7% year-over-year in Q2 2026, with the SF/Peninsula submarket leading at 11.4% YoY.
•Bay Area vacancy compressed to 2.8%, down 49 basis points quarter-over-quarter and 72 basis points year-over-year.
•San Francisco's vacancy rate hit 2.4%, with SoMa and West SF posting vacancy rates of 2.0% and 1.8%, respectively.
•The Bay Area delivered 884 units against 5,104 units of net absorption, a 5.8x absorption-to-completion ratio.
•Bay Area transaction volume reached $2.3 billion in 2026 year-to-date, with QoQ sales marginally declining due to lack of market inventory.