Reported about 15 hours ago
The rental market in San Francisco has become extremely competitive, with apartment rents surging by 11% in the past year due to a combination of low supply, a boom in AI jobs, and a return-to-office trend. Leasing agents report that finding an apartment has not been this challenging since the dot-com era, with average one-bedroom rents around $3,300 and two-bedrooms at $4,600. The city's apartment vacancy rate is below 4%, and ongoing high demand and a lack of new construction are exacerbating the housing crisis.
Source: YAHOO