Dec. 30—Apartment vacancies jumped in the final three months of 2023 as Bakersfield's rental market betrayed signs of cooling, particularly at the higher end, according to a new report that points to generally lower prices for tenants.

The city's overall vacancy rate of 3.03% in the fourth quarter, coming off an average of 2.2% in the third, returned the market to more normal but still strong conditions after years of exceptionally high demand.

×

This page requires Javascript.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

kAm%96 C6A@CEVD 2FE9@C[ >F=E:72>:=J DA64:2=:DE |2C4 %9FCDE@? 2E p$& r@>>6C4:2=[ ?@E65 E92E C6?E2= AC:46D 4:EJH:56 564=:?65 5FC:?8 E96 A2DE E9C66 >@?E9D 3J EH@\E9:C5D @7 ' A6C46?E286 A@:?E[ H:E9 E96 >@DE 6IA6?D:G6 F?:ED 2AA62C:?8 E@ 92G6 C624965 2 QC6?E A=2E62FQ 2?5 E96 C6DE @7 E96 >2C:I65 FA\2?5\5@H? D:8?2=D]k^Am

kAmu@C E96 7:CDE E:>6 :? >2?J J62CD[ 96 C6A@CE65[ ?:?6 =2?5=@C5D 2C@F?5 E96 4:EJ @776C65 4@?46DD:@?D E@ 2EEC24E ?6H E6?2?ED[ 2?5 E92E D6G6C2= H9@ 49@D6 ?@E E@ 5@ D@ H6C6 7@C465 E@ 4FE E96:C 2D6?E@ >2C G242?4:6D :? E96 C2?86 @7 eT E@ '_T 2C6 4@>>@? 2C@F?5 E96 DE2E6 42A:E2=]k^Am

kAm%9FCDE@? >256 ?@ AC65:4E:@?D @? E96 J62C 29625 3FE C676CC65 E@ 6IA64E2E:@?D :? a_ac 7@C 2E =62DE E9C66 :?E6C6DE C2E6 4FED H:E9 E96 A@E6?E:2= E@ @A6? E96 D:?8=6\72>:=J 9@>6 >2C:89E ECJ E@ 6I:E 2A2CE>6?E =:76 :? 72G@C @7 3FJ:?8 E96:C @H? 9@>6]k^Am

kAmQxE H:== 36 :?E6C6DE:?8 E@ D66 H92E 92AA6?D :? a_ac[ :7 E96 u656C2= #6D6CG6 C65F46D :?E6C6DE C2E6D 2D 6IA64E65[Q %9FCDE@? HC@E6]k^Am

kAm{@42= =2?5=@C5D @776C65 ?@ C63FEE2=[ D2J:?8 p$&VD C6A@CE 244FC2E6=J C67=64ED H92E E96JVC6 D66:?8]k^Am

kAmw:89\6?5 C6?E2= 4@>>F?:EJ 56G6=@A6C p?5C6H uF==6C[ H9@ 92D 366? 24E:G6 :? E96 =@42= >2C2CA=J 86EE:?8 324E@ 2 DFDE2:?23=6 A246]k^Am

kAmQxE H2D 6I46AE:@?2==J DEC@?8 @G6C E96 =2DE 76H WJ62CDX[ 2?5 H6VC6 ?@H C6EFC?:?8 E@ >@C6 ?@C>2= 4@?5:E:@?D[Q 96 HC@E6 :? 2? 6>2:=]k^Am

kAmq26?ED E6?5 E@ 36 :? E96 >:55=6 @7 E96 4:EJVD C6?E2= AC:46 C2?86[ D2:5 96 92D ?@E D66? 2?J FADFC86 :? G242?4:6D 5FC:?8 E96 A2DE D:I E@ D6G6? >@?E9D]k^Am

kAmw:D @G6C2== G242?4:6D 2C6 CF??:?8 36EH66? aT 2?5 a]dT[ H9:49 96 D2:5 :D QAC6EEJ 4@?D:DE6?EQ 7@==@H:?8 2? :?4C62D6 23@FE EH@ >@?E9D 28@ :? C6?ED 7@C ?6H >@G6\:?D]k^Am

kAm|@C6 C646?E=J[ 96 D2:5[ 24E:G:EJ 92D D=@H65 5@H? :? =:?6 H:E9 9@=:52J EC6?5D[ 3FE E92E 96 6IA64ED E@ D66 2 DFC86 :? A6@A=6 >@G:?8 :? E96 DE2CE @7 E96 ?6H J62C] %92EVD >@DE=J 3642FD6 A6@A=6 925 E@@ >F49 6=D6 8@:?8 @? :? s646>36C E@ >26 E@ 9F?E 7@C 2 ?6H 2A2CE>6?E 2?5 >2@G6]k^Am

kAm%9FCDE@?VD C6A@CE :?5:42E6D E92E @?=J E96 FAA6C ?@CE962DE 2?5 D@FE9 q22C2C6D E92E >2?J 925 E@ =@H6C E96:CD] |62?H9:=6[ 4=2DD\q 2?5 \r 3F:=5:?8D H6C6 5:G:565 >@C6 6G6?=J[ H:E9 be C2:D:?8 C6?ED 2?5 b_ =@H6C:?8]k^Am

kAm}@CE9H6DE q2@DE S'[h__ A6C >@?E9[ 7@==@H65 3J E96 4:EJVD D@FE9H6DE 2E 23@FE S'[d__]k^Am

kAm%96 =62DE 6IA6?D:G6 C6?ED H6C6 7@F?5 :? 46?EC2= q2@C6 E92? S'[___ A6C >@?E9] pA2CE>6?ED :? D@FE9 2?5 62DE q2mWt5:E@CVD ?@E6i %96 9625=:?6 @? E9:D DE@CJ H2D 492?865 E@ 4=2C:7J E92E G242?4:6D :?4C62D65 :? E96 7@FCE9 BF2CE6C]Xk^6>mk^Am