Bay Area Rents Highest In US

The shortage of office space in California's Bay Area has caused rents to skyrocket to the highest in the U.S. ahead of even mid-town Manhattan. Fluctuations in the NASDAQ directly affect demand and prices in this area of high concentration of dot-com companies. The acute shortage office space is staring to have some really strange effects. "Prices have risen so high it's cheaper in many areas to buy a building than to sign a long-term lease."