Real Estate

Nick Bastone
Aug 2, 2022 - News

San Francisco's new housing trails other tech hubs

Houses in the Mission
Houses in the Mission. Photo: Smith Collection/Gado/Getty Images

The city's housing construction is far behind other tech hubs like Austin, Seattle and Denver, the San Francisco Chronicle reports, citing U.S. Census data.

Why it matters: San Francisco did not keep up with demand for housing as effectively as other tech centers between 2015 and 2021, increasing the city's housing and rent prices, Joseph Gyourko, a professor of real estate and finance at the Wharton School of the University of Pennsylvania, told the Chronicle.

San Franciscopostcard

Get a free daily digest of the most important news in your backyard with Axios San Francisco.

🌱

Support local journalism by becoming a member.

Learn more