{"id":246,"date":"2017-12-20T15:01:45","date_gmt":"2017-12-20T15:01:45","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&p=7300"},"modified":"2017-12-20T15:02:37","modified_gmt":"2017-12-20T20:02:37","slug":"heres-why-rents-are-so-high-in-the-bay-area","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/heres-why-rents-are-so-high-in-the-bay-area\/","title":{"rendered":"Here’s Why Rents are So High in the Bay Area"},"content":{"rendered":"
The Bay Area is known for its limited housing options and high rent growth. While high-paying tech jobs are one of the reasons why rents are so high, the level of construction is also key. Similar to what we did for the City of Los Angeles, we looked into the building data released by San Francisco and San Jose, to see where construction has been concentrated, whether housing supply is meeting the demand, and how rents have gone up.<\/p>\n
We found that<\/p>\n
***<\/p>\n
San Jose<\/strong><\/p>\n Let’s first look at where construction has been concentrated, and the 2017 data (as of November) especially gives a decent indication on where new housing supply will likely pop up in 2018 and later (since it takes roughly one year between permit and occupancy).<\/p>\n