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Annual Rent Review Program Evaluation FY 2015-2016 <br /> <br />Page 4 of 13 <br /> <br /> Table 3: Rental Housing Market Trends in San Leandro <br /> <br />Year Average Rent % Annual Change Vacancy Rate <br />2002 $1,090 -8.0% 4.2% <br />2003 $1,054 -3.3% 4.6% <br />2004 $1,011 -4.1% 4.6% <br />2005 $1,011 0.0% 4.7% <br />2006 $1,040 2.9% 3.6% <br />2007 $1,090 4.8% 3.6% <br />2008 $1,154 5.9% 3.1% <br />2009 $1,106 -4.2% 5.4% <br />2010 $1,086 -1.8% 4.1% <br />2011 $1,123 3.4% 2.6% <br />2012 $1,189 5.9% 3.0% <br />2013 $1,216 2.3% 2.6% <br />2014 $1,366 12.3% 2.1% <br />2015 $1,513 10.8% 1.5% <br />2016* $1,647 8.9% 1.4% <br /> *2nd Quarter of 2016 <br /> Source: RealFacts <br />Table 4 below reflects the average rent for each bedroom size in San Leandro during second quarter <br />(April through June) of 2016. In comparison to the average rent levels in the 2nd quarter of 2015, the all rents increased for studio, 1 bedroom/1 bath, 2 bedroom/1 bath, 2 bedroom/2 bath, and 3 bedroom townhome (TH) units. The average rent for 2 bedroom/2 bath and 3 bedroom townhome <br />units increased by double digits. <br /> Table 4: Average Asking Rent in San Leandro* <br /> <br />Unit Size 2015 2016 % Change <br />studio $1,122 $1,177 4.9% <br />1bd 1bth $1,390 $1,521 9.4% <br />2bd 1bth $1,512 $1,653 9.3% <br />2bd 2bth $1,619 $2,045 23.3% <br />3bd TH $2,116 $2,366 11.8% <br /> *2nd Quarter of 2016 <br /> Source: RealFacts <br />132