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San Francisco Rent Hits Record High | Oakland News
San Francisco just shattered its own rent record, with the median one-bedroom now hitting $4,060 — a staggering leap that dwarfs the national average of $1,526 and makes it the most expensive city for renters in the U.S. behind only New York. Driven by the AI boom, skyrocketing demand from tech workers returning to offices is colliding with a near-empty housing pipeline, pushing vacancy rates below 4%. While San Jose and other Bay Area cities are also seeing steep climbs, SF’s extreme scarcity makes it uniquely brutal — prices have doubled in just five years, and there’s no sign of cooling…
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