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Annual Rent Review Program Evaluation <br />FY 2014-2015 <br /> <br />Page 2 of 11 <br /> <br /> <br />The 95 inquiries in FY 2014-15 (75 tenant and 20 landlord) is a 33% increase from the 71 <br />inquiries (37 tenant and 34 landlord inquiries) received in FY 2013-14. <br /> <br />The average annual rents in the City remain the lowest among Alameda County cities. See Table <br />2 below. <br /> <br />Table 2: Rent Ranking for Cities in Alameda County <br /> <br />Rank City Average Rent* <br />1 Berkeley $3,018 <br />2 Oakland $2,807 <br />3 Emeryville $2,719 <br />4 Dublin $2,494 <br />5 Pleasanton $2,454 <br />6 Newark $2,373 <br />7 Fremont $2,240 <br />8 Union City $2,191 <br />9 Alameda $2,162 <br />10 Livermore $1,942 <br />11 Hayward $1,811 <br />12 Castro Valley $1,784 <br />13 San Leandro $1,513 <br /> *2nd Quarter of 2015 <br /> Source: RealFacts <br /> <br /> <br />Rental and vacancy trends are highlighted in Table 3 below. San Leandro’s average rent (for all <br />bedroom sizes) of $1,513 in the second quarter of 2015 reflects a 10.8% increase from the <br />average annual rent of $1,366 in the second quarter of 2014. The previous year’s 12.3% average <br />rent level increase was the first time the City experienced a double- increase since the City began <br />tracking the rental housing market trends in 2002. Meanwhile, the 1.5% vacancy rate in San <br />Leandro, which is lower than last year’s 2.1% rate, results in San Leandro having the highest <br />ranked average occupancy rate at 98.5% of the other 12 Alameda County cities. <br />