The North Bay’s Tight Housing Market Assessed

Apr 21, 2015

Credit DTZ

Rental vacancies across the North Bay are at record lows these days, and some regional housing market observers say that’s not likely to change any time soon.

As the American economy rebounds, tightening rental markets are being experienced in all areas of the country. But the trend is most acute in the western states, led by California.

  Garrick Brown, regional vice president of research for the international commercial real estate services company DTZ, expects the Bay Area’s tight housing market will continue to put pressure on employers. Especially, he predicts for workers in the Millennial generation, whose attraction to urban centers may wane as they age.