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> According to Zumper, the median rental price for a one-bedroom apartment in San Francisco fell 11.8% year over year, from $3,720 to $3,280, beating May’s 9% d
by nosequel 6y ago
> According to Zumper, the median rental price for a one-bedroom apartment in San Francisco fell 11.8% year over year, from $3,720 to $3,280, beating May’s 9% drop. The survey also reports a 1% uptick in national rents, with the average median apartment in the U.S. renting for $1,229 in June.
With even the most hardcore "you must work IN the office" companies switching to remote for at least another 6 months, and many probably staying that way, I don't see how more people aren't flocking out of SF. 3x the rent and a downtown slowly becoming https://en.wikipedia.org/wiki/Hamsterdam https://en.wikipedia.org/wiki/Hamsterdam there doesn't seem much keeping people there. The old argument of, "but that's where the jobs are" really isn't the case anymore.