Article in 11 Aug 2011 San Francisco Chronicle by Carolyn Said:
“Apartment hunting in San Francisco has turned into a competitive sport with hopeful renters swarming open houses and experiencing more rejections than contestants on “Survivor.”
“You have to pounce as soon as you see an ad you like,” said Chris Covert, a manager at Symantec who was among 18 people vying for a $1,395 Nob Hill studio last week. “It’s definitely nuts.…”
“…vacancy rates are falling and rents are rising in the city. RealFacts says that the average monthly asking price in San Francisco for studio apartments in complexes with at least 50 units hit $1,801 this year, up 13 percent from $1,595 a year ago. Across apartment units of all sizes, landlords at these big complexes are now asking for an average of $2,361 a month, up 5 percent from a year ago.…”
https://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/10/MND91KLCIE.DTL#ixzz1UkkWZSYE””
