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