Purchase Your Blue Vault Research SubscriptionMarch 23, 2022
San Francisco Rents Barely Changed During Covid Housing Boom
March 23, 2022
San Francisco Rents Barely Changed During Covid Housing Boom
March 21, 2022 | Alexandre Tanzi | Bloomberg
San Francisco and San Jose’s rents are little changed compared with two years ago, a sharp contrast with red-hot markets such as Miami where housing costs surged during the pandemic.
The California technology hubs top U.S. metro areas with the smallest rent growth since February 2020, according to a Bloomberg analysis of data from Zillow Group Inc. In New York City and Washington, D.C., rental asking prices increased roughly 4% on an annual basis, less than half the national average of 8.5%.
