Are SF rents about to go even more insane?
Dec 11, 2018
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By the end of 2019 there will be at least three big IPOs lockup periods will have expired: Slack, Lyft, and Uber. This means thousands of people will double their income overnight and many will have a windfall (including ex employees).
There isn’t much apartment inventory in central SF where all of the employees want to live. This will create lots of extra pressure on the market and drive up prices.
Thoughts on the impact of this? I could easily see rents going up 10-20% further.
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