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partment rents in San Francisco are rising, while those in Oakland are falling. However, these trends may not last due to shifting supply and demand dynamics. Over the past year, San Francisco's one-bedroom rent increased 1% to $2,740, whereas Oakland's fell 6% to $1,790, according to Apartment List figures cited by the San Francisco Chronicle.

    Oakland's decline is notable, with rents falling faster than nearly any major US city, which saw a 1% overall decrease. Despite national rent increases since the pandemic, San Francisco and Oakland have yet to rebound to pre-2020 levels. In Oakland, rising vacancy rates and decreased demand following a building boom have led landlords to lower rents or offer discounts.

    A glut of new apartments in Oakland has contributed to suppressed rents, with 8% of listings in buildings with at least 10 units vacant last month, twice the rate in San Francisco. The city's development slowdown, with fewer than 800 rental units permitted last year, may eventually reverse the trend. Higher interest rates and a potential nationwide building boom decline could also impact Oakland's rental market.