INFOGRAPHIC: Castro average rents increased 34% since last year

According to this infographic from LivingLovely.com, average Castro apartment rental rates have increased 34% since last year from an $2,494 to $3,352. But that's nothing compared to how high rents in Chinatown and the Bayview have risen, both seeing an average rental rate increase of over 100%. I have a few friends in the city right now looking for places, but they can't find anything in their price range. The cost of owning a home in the city has pushed people into the rental market, increasing the demand for rental apartments. Hopefully the new units going up next to Starbelly at 16th and Market and the units proposed at 15th and Market will help relieve some of our space issues.