Coronavirus: Deals in Bay Area renter’s market favor luxury seekers

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Three months’ free rent on a 2-bedroom apartment with a pool in West San Jose. A Lake Merritt studio in Oakland at a 50 percent discount for the first six months. Two months of “complimentary rent plus a $2,000 MasterCard gift card” on a luxury high rise renting for $4,375 a month in San Francisco’s Potrero Hill neighborhood.

Deals on high-end apartment rentals in the Bay Area are blowing up.

“We ended up saving about $2,000 a month and got a better apartment,” said Julian Jacobson, an account executive who moved into a new place in Russian Hill with his girlfriend in September, catching a 2-months-free rent deal on a bigger, better-located apartment without even having to put down a security deposit. “I get to wake up every day and see the Golden Gate and Alcatraz. I have to pinch myself.”