real estate company Zumper<\/a>, the median two-bedroom rent in San Francisco is $6,020\/month, surpassing New York for the nation’s highest rent for a two-bedroom ($5,450). Two-bedroom rent in the city is up 5.6% from the previous month and up 25.9% year-over-year.<\/p>\nThe company said it is the first time median rents in the city have topped $6,000.<\/p>\n
Rents for a one-bedroom in San Francisco also keep climbing. The company said the median one-bedroom in the city reached $4,180\/month, up 3% from the previous month and second only to New York City, at $4,560\/month.<\/p>\n
Compared to this time last year, the median one-bedroom rent in San Francisco is up 22.9%.<\/p>\n
“Both bedroom types are the most expensive in Zumper’s decade-plus of San Francisco records, and the city continues to lead the nation in annual rent growth by a margin no other major market comes close to,” the company said in a statement.<\/p>\n
Zumper cited several reasons for the surge in rents, including hiring in the AI sector and what they described as a “near empty” construction pipeline. The company said active listings in San Francisco are down 30% year-over-year in their database, as more renters decide to stay put.<\/p>\n
In other parts of the Bay Area, the company found the median apartment rent in San Jose is $2,770\/month for a one-bedroom and $3,590\/month for a two-bedroom. Compared to last month, rents in San Jose were up 0.4% and 2.3%, respectively.<\/p>\n
Across the bay in Oakland, the median one-bedroom rent rose 1% to $2,090\/month for a one-bedroom and rose 1.5% to $2,640\/month for a two-bedroom.<\/p>\n
\n More from CBS News\n <\/p>\n
In:<\/p>\n","protected":false},"excerpt":{"rendered":"San Francisco’s already hot rental market appears to show no signs of slowing down, as the median rent…\n","protected":false},"author":2,"featured_media":416653,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[1336,131876,101,103,102,104,106,105],"class_list":["post-416652","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-housing-crisis","tag-rents","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/416652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=416652"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/416652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/416653"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=416652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=416652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=416652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}