AI Companies Are Paying the Rent: How Tech Perks Are Shaping San Francisco’s Housing Market
AI companies footing the bill for San Francisco rent? Sounds about right. Several firms are now offering housing stipends or free apartments to lure top talent—and it’s already rippling through the housing market. When a company covers your rent, it changes your buying power and shifts entire neighborhoods. San Francisco’s housing story keeps evolving, and this chapter might be one of its most fascinating yet.
Dolla Dolla Billz Changing the San Francisco Real Estate Game
So sales of homes in San Francisco are well, moving like hotcakes, at least relative to the last year or two. Socketsite reported that “recorded home sales volume in San Francisco was up 50.6% on a year-over-year basis last month“ and that “median sales price in March was $675,000, up 11.0% compared to March ’09 ($608,000) and up 7.6% compared to the month prior.” Not enough evidence for you that we may have seen the bottom of the market? Well, how’s the evidence that multiple offers are on the rise again? Out of the last 8 offers I’ve written for clients, 7 properties received multiple offers.
