Market Inventory Under Construction
 (# Units)
YTD Completions
(# Units)
Vacancy
Rate
YTD Net Absorption
(# Units)
Monthly
Rent
per unit
San Francisco 146,100 4,188 2,065 3.4% 1,829 $3,613
SF Peninsula 61,561 2,077 301 4.0% 210 $3,181
Silicon Valley 158,076 9,187 3,373 4.3% 3,400 $2,855
Oakland/East Bay 205,073 9,439 3,596 4.0% 3,322 $2,336
North Bay 18,865 240 146 3.6% -154 $2,091
Total Bay Area Market 589,675 25,131 9,481 3.9% 8,607 $2,872