New York just surpassed San Francisco as the most expensive rental market in the U.S.

“The median rent for a one-bedroom apartment in New York City is now $2,810, and in San Francisco it is $2,800.”

“’Tech workers make up a disproportionate share of residents in the city, and tech companies are more likely to have adopted broad or permanent work-from-home policies. This allows those workers to live anywhere they want, and many of them have decided they don’t want to live in San Francisco,’ according to Jeff Andrews, who authored the Zumper report.”

https://www.cnbc.com/2021/08/24/new-york-surpasses-san-francisco-as-most-expensive-rental-market.html

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