Annual Rent Increase for 3/1/17-2/28/18 Announced
Effective March 1, 2017 through February 28, 2018, the allowable annual increase amount is 2.2%. 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 3.6% as posted in November 2016 by the Bureau of Labor Statistics.
To calculate the dollar amount of the 2.2% annual rent increase, multiply the tenant's base rent by .022. For example, if the tenant's base rent is $1,500.00, the annual increase would be calculated as follows: $1,500 x .022 = $33.00. The tenant's new base rent would be $1,533.00 ($1,500.00 + $33.00 = $1533.00).