Silicon Valley tech boom is inflating rents… by a lot


San Francisco red-hot startup activity is not only inflating the commercial real estate market, but it is also having an impact on the residential rental market, data shows. Since January 2011, annual rents are up by $5000 but things are even worse down in the Peninsula. Some are blaming it on the IPO market, but I personally think it is more and more people moving to SF Bay Area, working for tech startups and thus putting pressure on the local real estate market.

From blog

While we’re happy that our tech-driven economy is rebounding, renters are getting hit hard on prices, especially on the Peninsula (which we’re categorizing as Daly City, Palo Alto, Menlo Park, Mountain View, San Bruno, San Mateo and Sunnyvale).

Over a 16-month period, asking rents in those cities went up an average of 44%. At the same time, San Francisco rents went up around 19%…

View original post 27 mots de plus


Laisser un commentaire

Entrez vos coordonnées ci-dessous ou cliquez sur une icône pour vous connecter:


Vous commentez à l'aide de votre compte Déconnexion /  Changer )

Photo Google+

Vous commentez à l'aide de votre compte Google+. Déconnexion /  Changer )

Image Twitter

Vous commentez à l'aide de votre compte Twitter. Déconnexion /  Changer )

Photo Facebook

Vous commentez à l'aide de votre compte Facebook. Déconnexion /  Changer )


Connexion à %s