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.
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thehasneither reblogged this from courtenaybird and added:
Even worse! Sometimes living on the bleeding edge is awesome…and sometimes it’s just really, really expensive.
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This was featured in #Tech
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akio reblogged this from courtenaybird and added:
Note to self: Need to get hold of few different analysis/perspective on this. Esp if estate bubble in SF Bay Area is...
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courtenaybird posted this
