Apartments Market Reaching New Highs and Lows
The San Francisco suburb of Russian Hill is one of the top rental markets identified in 2011.
The top two rental markets in the U.S. are cities in Northern California: San Jose and San Francisco. On the east coast, New York comes in at third and D.C. is ninth, on Marcus & Millichap’s index of 44major apartment markets.
San Jose climbed three spots since last year due to job growth in Silicon Valley. Major tech firms’ investments in the area have strengthened San Jose’s desirability both among commercial and residential renters, especially as local employers are expecting to add 28,000 jobs this year.
Likewise, San Francisco is riding the tech wave—up five spots to second place on the list. Neighborhoods expected to increase in price include Noe Valley, Mission Dolores, Russian Hill, and Marina/Pacific Heights.
Read more: The Epoch Times Apartments Market Reaching New Highs and Lows