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by remote_phone 2688 days ago
9-10 years is about right. 2005, I had a one bedroom for $1700, and in 2008 I moved into a studio on Twin Peaks for $1300/month. Both were high but still affordable. By 2011, a 2 bedroom in SOMA was $3000/month, and by 2014 it was $4500/month.

This coincides with when tech companies started popping up in SF, instead of South Bay where they traditionally went to.

1 comments

Are you sure it's tech companies? In 2006 I was paying (part of) $2800 for a generous sized two bedroom apartment in the East Village of Manhattan. At the beginning of 2010 when I moved out the landlord wanted $3500. Today it's going for for $4400.

That's a 25% increase in 3 years and then another 25% increase over the next 9 years. And there was no, or at least only minor, tech company factor in NYC.