California rent 5% off peak as vacancies hit 32-month high

“Rent Watch” tracks what’s happening at the intersection of landlords and tenants – who is paying what and where.

Buzz: California rents are down four straight months – and modestly off all-time highs – as the number of empty units hit a 32-month high.

Source: My trusty spreadsheet looked into ApartmentList’s tally of rent and vacancy rates across California. The math based on a combination of Census surveys of what renters are paying and landlord’s listing data that tracks a mix...