Median rent for one-bedroom apartment in city tops $4,495 with a national median of $1,900
San Francisco’s mayor, Daniel Lurie, declared a rent emergency on Thursday, proposing reforms aimed at curbing evictions and preventing rent spikes as the city grapples with soaring apartment prices.
The Bay Area city, home to a large number of high-earning tech workers, has long been one of the most expensive housing and rental markets in the country.
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