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SF Rent Soars Amid AI Boom | Real Estate News
San Francisco’s rent crisis just hit a fever pitch—two-bedrooms now average over $6,000 monthly, up 26% from last year, while one-bedrooms soar past $4,000, climbing nearly 23%. Blamed on the AI boom flooding the city with high-earning tech workers, the surge is hitting a wall: not enough new apartments are being built to meet demand. Thousands of approved projects sit idle, and rising interest rates make financing new construction tough. Now, SF’s two-bedrooms cost $570 more than similar units in NYC—though New York still leads in one-bedroom prices. With supply stuck and demand surging…
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