Bad news for those trying to make it in the Bay. New numbers show rents around the Bay Area are back to nearly pre-pandemic levels.
Bad news for those trying to make it in the Bay, as the pandemic wanes rents are rising.
New numbers show rents around the Bay Area are back to nearly pre-pandemic levels, about 10 to 16% increases in rent in just the last few months. “They’re like ‘oh yeah it's going up, we’ve gotten that notice it's like $1000 more, $500 more and we just can’t afford it,” said San Mateo renter Sandy Lopez-Renter.
Lopez and her roommate share a two bedroom apartment in San Mateo. Rent is over $2,500 -- a good find for the area. They moved in right when prices started dropping because of the pandemic. But, Friday she’s bracing for what friends and family have already received in their mailbox -- a rent hike notice.
“it might take a big toll on us or we might potentially downsize to a one bedroom apartment or a studio,” said Lopez.
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