The Real Deal New York

Residential rents in tech hubs are outpacing national average

February 08, 2014 12:00PM

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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.

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

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