Berkeley Rents Fall Amid Construction Boom (darrellowens.substack.com)

tl;dr

Population is at all time high, yet a building boom has seen rents in inflation-adjusted dollars is below 2016.

In addition to increased housing supply, Berkeley's population decline of 2% per year (since 2020) may be a factor

https://www.census.gov/quickfacts/fact/table/berkeleycitycal...