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%.
