The Real Deal New York

Bay Area residential rents climbed nearly 50 percent since 2010

April 06, 2018 01:15PM

The Bay Area saw the highest rise in multifamily rent of the nation in the past eight years, Bisnow reported. San Jose spiked at 51.1 percent with San Francisco at 48.6 percent. “These are pretty solid economies relative to some other places and some of these have really solid economic growth and job production,” an economist said. Areas up the west coast saw rises as well, like Seattle which is up 43.6 percent with rents averaging about $1,725. [Bisnow]