AI Boom Drives SF Rents Above NYC as Housing Crisis Deepens
fortune · reddit · 2026-08-21
San Francisco's housing market is overheating due to the AI boom. OpenAI and Anthropic leased 1M sq ft each, making SF home to 40% of US AI jobs. Average rents surged over $1,000 to $4,600/month, dropping vacancy to 3.7% and making SF the most expensive major rental market in the US, surpassing New York.
More from Companies & People
- Nvidia inks $6B licensing deal with Poolside, invests $1B — AccBalanced · 2026-08-21
- Musk: Optimus + Grok will provide incredible medical care to all — elonmusk · 2026-08-21
- Focus on building what you need, not just reading the code — brandon_galang · 2026-08-21
- Anthropic Revenue Growth Questioned as IPO Window Narrows Amid Competition — JOBhakdi · 2026-08-21
- Martin Casado on Anthropic economics and Waymo chip strategy — JenniferHli · 2026-08-21
- AI-Native Hiring Analysis: PM Role Shift & High Seniority Bar — lennysan · 2026-08-21