Rent in the San Francisco Bay Area plummeted in May as the tech region braces for a potential mass exodus
provides more concrete evidence that Silicon Valley employees could indeed be packing up and leaving, potentially lowering the demand for housing in a region notorious for its expensive housing market.reported, Zumper found that rent costs for one-bedroom apartments dropped the most in the Bay Area cities with the highest-paying tech salaries. In Google's hometown of Mountain View, rent has fallen 15.
In San Francisco, a one-bedroom apartment now averages $3,360, according to Zumper. That's a 9.2% drop from this time last year and is the lowest rent has been since early 2017, according to the company. The statistics come as many tech firms have introduced remote work options for employees and as thousands have been laid off in the tech industry and in other sectors.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
YouTube at 15: The inside story of YouTube's history - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
We Wasted Our Chance for a Quick Economic RecoveryNew data show that the relief effort worked—but we bungled the public health part.
Weiterlesen »
Amex sees slight improvement from billings - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Column: Washington might take Silicon Valley down a notchTwitter, Facebook and other social media companies are a rare bipartisan target. They should reform before Congress makes them do it.
Weiterlesen »
Gilead slides 4% after coronavirus drug shows limited benefit in moderately ill patients - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Economic outlook: ISM survey shows US manufacturing stabilizing in May - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »