Rents Record

A shortage of supply and continued booming economy combined to produce another month of record-high rent rates in San Francisco, according to Zumper.com. “San Francisco’s rent premium over [New York City] widened in January, as the median for a one-bedroom apartment in NYC dropped by 3.6 percent to $3,000, while median rents in SF hit a new high at $3,410, up 0.6 percent month-over-month,” the real estate website reported.

We’ll add that the Marina Times was recently told about one-bedrooms in an old high-rise near Japantown that were renting for $4,600 a month.