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San Francisco rents down 9.2%, lowest prices in 3 years

June Rents

There is a new prioritization for renters that puts cost and space over location. This is especially true in tech-heavy locations like San Francisco, where workers may be able to work from home indefinitely. “As more and more companies move into remote work, many renters don’t want to pay the big-city price tag when they are unable to use the amenities and are looking for more affordable options outside of large, metropolitan areas,” she said. “If everyone is stuck at home, people are prioritizing having more space and comfort over city life.”

 

Emily Landes

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