Annual Rent Increase for 3/1/18-2/28/19 Announced
Effective March 1, 2018 through February 28, 2019, 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 2.7% as posted in November 2017 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).