Berkeley Rents Fall Amid Construction Boom(darrellowens.substack.com)

https://darrellowens.substack.com/p/berkeley-rents-fall-amid-construction

2 comments

In addition to increased housing supply, Berkeley's population decline of 2% per year (since 2020) may be a factor

https://www.census.gov/quickfacts/fact/table/berkeleycitycal...

tl;dr

Population is at all time high, yet a building boom has seen rents in inflation-adjusted dollars is below 2016.