Rents Soar in Silicon Valley

Up to 40 percent increase in apartment rents hits the Silicon Valley.
July 17, 2000, 5am PDT | Abhijeet Chavan | @legalaidtech
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After five years of steady increses, scarcity is causing an extreme rent hike for in the Silicon Valley - up to 40 percent increase in some cases. Brand new tenants are the hardest hit butestablished tenants are also facing increases. Some alsoblame high cost of buying a home and the salaries of high-tech workers for driving up the rent.

Thanks to Abhijeet Chavan

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Published on Sunday, July 16, 2000 in San Jose Mercury News
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