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8W Consent 2011 0620
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8W Consent 2011 0620
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Last modified
6/24/2011 5:18:44 PM
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6/16/2011 4:45:59 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/20/2011
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_CC Agenda 2011 0620
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\City Clerk\City Council\Agenda Packets\2011\Packet 2011 0620
Reso 2011-125
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\City Clerk\City Council\Resolutions\2011
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Annual Rent Review Program Evaluation (June 2010 — May 2011) <br />From June 2010 to May 2011, there were 28 tenant and landlord inquiries addressed by staff. <br />They are a slight increase from the previous year, which had 27 tenant and landlord inquiries. Of <br />the 27 inquiries this year, there were 13 inquiries by tenants and 15 by landlords. <br />There were no cases heard by the Rent Review Board this year. The Board has not convened in <br />over two years. Possible factors for the ongoing inactivity in Rent Review Board cases may <br />include that the average annual rents in the City are still at reasonable levels and below 2008 rent <br />levels (see Attachment A). Table 1 below provides a summary of cases reviewed by the Board <br />over the last five years. <br />Table 1. Rent Review Board (RRB) Case Summary <br />Period (June May) <br />Cases <br />2006 -07 <br />1 <br />2007 -08 <br />6 <br />2008 -09 <br />4 <br />2009 -10 <br />0 <br />2010 -11 <br />0 <br />Attachment A shows the average rent (for all bedroom sizes) in San Leandro during first quarter <br />(January through March) of 2011 increased slightly by nearly one percent from the average 2010 <br />annual rent while the vacancy rate increased slightly too from 3.6% to 3.8% in the last year. Staff <br />conducts an informal, point -in -time rental survey annually based on mass circulated listings in <br />local and regional newspapers and on the Internet in May as displayed in Table 2 below. Table 2 <br />displays the increases in rents in 2011 for studio, one bedroom, 2 bedroom /1 bath and 2 <br />bedroom /1.5 bath units, while rents for larger 2 bed /2 bath and 3 bedroom units decreased. <br />Table 2. Average San Leandro Rents By Bedroom Size <br />Year <br />Studio <br />%Chg <br />1 Br /1 Ba <br />%Chg <br />2 Br /1 Ba <br />%Chg <br />2 Br/ 1.5 Ba I <br />% Cog <br />2 Br /2 Ba <br />%Chg <br />3 Br <br />%Chg <br />2011 * <br />$970 <br />5.1% <br />$1,015 <br />9.4% <br />$1,254 <br />5.6% <br />$1,227 <br />4.4% <br />$1,360 <br />-4.1% <br />$1,578 <br />-0.1% <br />2010 <br />$923 <br />$928 <br />$1,187 <br />$1,175 <br />$1,418 <br />m <br />$1,580 <br />TO <br />*City informal survey, May 2011 <br />
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