06-01-2020, 03:59 PM
Hard to judge in the context of the acute shock of COVID-19, but Bay Area rents are down substantially:
https://www.sfchronicle.com/business/art...307118.php
We'll see how things change moving forward, but a bit of a cooling off with regards to rents in the Bay Area is probably not a bad thing.
BC
https://www.sfchronicle.com/business/art...307118.php
Quote:Rents for a one-bedroom apartment dropped most in the cities richest in high-paying tech jobs, falling 9.4% in San Francisco compared with May of 2019. In Mountain View, home to Google, rents fell 15.9% year over year, while in Apple’s hometown of Cupertino rents dipped 14.3%, according to the rental search engine Zumper. In San Bruno, where YouTube has its offices, rents tumbled 14.9%.
We'll see how things change moving forward, but a bit of a cooling off with regards to rents in the Bay Area is probably not a bad thing.
BC
