Annual Rent Increase for 3/1/16-2/28/17 Announced

Effective March 1, 2016 through February 28, 2017, the allowable annual increase amount is 1.6%. In accordance with Rules and Regulations Section 1.12, this amount is based on 60% of the percentage increase in the Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-San Jose region for the 12-month period ending October 31, which was 2.6% as posted in November 2015 by the Bureau of Labor Statistics.

To calculate the dollar amount of the 1.6% annual rent increase, multiply the tenant's base rent by .016.  For example, if the tenant's base rent is $1,500.00, the annual increase would be calculated as follows: $1,500 x .016 = $24.00.  The tenant's new base rent would be $1,524.00 ($1,500.00 + $24.00 = $1524.00).