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Annual Rent Review Program Evaluation .(June 2008 -May 2009) <br />From June 2008 to May 2009, there were 52 tenant and landlord inquiries addressed by staff (see <br />Attachment A) which is the same number as the previous year. Of the 52 inquiries this year, there <br />were 26 inquiries by tenants and 26 by landlords. <br />There were 4 cases heard by the Rent Review Board this year which is slightly lower than the 6 <br />cases heard last year. One factor for the decline in RRB cases maybe the decline in rents and rise <br />in vacancies, particularly in 2009 to date which is discussed further below. <br />Table 1. Rent Review Board (RRB) Case Summary <br />Period June - Ma RRB Cases <br />2004-OS 0 <br />2005-06 0 <br />2006-07 1 <br />2007-08 6 <br />2008-09 4 <br />Attachment B shows the average rent (for all bedroom sizes) in San Leandro during first quarter <br />(January through March) of 2009 fell by 1 % and the vacancy rate increased noticeably from 3.1 % <br />to 5.4% in the last year. Staff conducts an informal, point-in-time rental survey annually based on <br />mass circulated listings in local and regional newspapers and on the Internet as displayed in <br />Table 2 below. Table 2 confirms the decline in rents in 2009 for one bedroom and 2 bedroom <br />units, however, rents for studios and three bedroom units have increased which may reflect <br />greater demand for them. <br />Table 2. Average San Leandro Rents By Bedroom Size <br />Year Studio %Ch 1 Br/1 Ba °1° Chg 2 Br/1 Ba %Ch 2 Br/1.5 Ba % Ch 2 Br/2 Ba %Ch 3 Br % Chg <br />2009 * $967 9.6% $996 -0.9% $1,206 -5.6% $1,164 -12.7% $1,356 -2.1% $1,782 14.2% <br />2008 $882 $1,005 $1,278 $1,334 $1,385 $1,560 <br />*City informal survey, June 2009 <br />