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Rents Rising Faster In Tech Hubs Than In Rest Of U.s.


Ron Burgundy
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A man walks past a collection of signs opposing the gentrification of Mission District by technology companies in San FranciscoBy Sarah McBride SAN FRANCISCO (Reuters) - San Franciscans have long blamed the technology sector for rising rents. Now, a study from real-estate company Trulia backs them up. In January, it said, rents rose 3.3 percent in the nation's 100 biggest metropolitan areas in January, but they rose by an average of 5.7 percent in the 10 biggest tech hubs. Landlords ask one-third more in rent for a typical two-bedroom unit in a tech hub compared with other big metro areas, the report said - $2,053, on average, compared with $1,504 in other metropolitan areas.




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