search

The Real Deal Logo

Trending

Tides Equities faces three foreclosures in Fort WorthTides Equities faces three foreclosures in Fort WorthHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
Residential
New York

Residential rents in tech hubs are outpacing national average

The San Francisco skyline
The San Francisco skyline

WEEKENDEDITION A new study shows that rents in tech hubs are outpacing other parts of the U.S.

In January, rents rose 3.3 percent in the nation’s 100 biggest metropolitan areas, but they rose by an average of 5.7 percent in the 10 biggest tech hubs, according to a Trulia report cited by the New York Daily News.

Sign Up for the undefined Newsletter

That means landlords are asking one-third more for a two-bedroom in a tech hub compared to other big metro areas — an average of $2,053 compared with $1,504 in other metropolitan areas.

The study considered the 10 biggest tech hubs as: San Jose, Calif.; Seattle, Wash.; San Francisco, Calif.; Middlesex County, Mass.; Raleigh, N.C.; Bethesda-Rockville-Frederick, Md.; Austin, Tex.; Oakland, Calif.; Greater Washington, D.C.; and San Diego, Calif. [NYDN] —Christopher Cameron

Tags
Rental MarketTechnology