Rent in some cities has collapsed, and boomed in others, because of the pandemic. The basic summary is not that surprising. Rents in wealthy coastal cities who were reliable job magnets have been hardest hit (San Francisco rents have declined by 27%, NY, Seattle, and Boston have seen rents decline by almost 20%). In contrast, Boise Idaho has seen a boom of 12% in rents.
The Pandemic & The Irrelevance of Place
The Pandemic & The Irrelevance of Place
The Pandemic & The Irrelevance of Place
Rent in some cities has collapsed, and boomed in others, because of the pandemic. The basic summary is not that surprising. Rents in wealthy coastal cities who were reliable job magnets have been hardest hit (San Francisco rents have declined by 27%, NY, Seattle, and Boston have seen rents decline by almost 20%). In contrast, Boise Idaho has seen a boom of 12% in rents.