Apartment rents in San Francisco dropped significantly as companies embrace remote work

Apartment rents in San Francisco dropped significantly as companies embrace remote work

Apartment rental platform Zumper released monthly data and the numbers show that San Francisco rents were down nearly 12% year-over- year in June, making the city’s decline the largest in the nation, and a record slide for San Francisco mainly due to companies encouraging remote work. The median rental price for a one-bedroom apartment in San Francisco fell 11.8% year over year, from $3,720 to $3,280, beating May’s 9% drop

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Thu Jul 02 - CNBC

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