Bakersfield Apartment Market Booms: Rents Surge, New Complex Emerges
Bakersfield News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bakersfields rental market is heating up, with vacancies at a steady 3.62% and rents climbing. Landlords are finally raising prices after years of deals below market value. The average rent has increased by about 5%, with some submarkets like Seven Oaks seeing even sharper hikes. The demand is high, with units filling up quickly, leading to a massive $150 million project by Fuller Apartment Homes. However, rents are expected to continue rising as demand outpaces supply.
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