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Bay Area apartment rents at record high

San Jose Mercury News
October 16, 2014

Bay Area landlords have boosted rents to historic highs in the past year in a booming economy that has crowds of renters scrambling to find a place to live.

According to a third-quarter report Wednesday from RealFacts of Novato, Bay Area apartment rents have jumped 11.4 percent from last year to an average of $2,234 a month. That's the highest it's been in records going back two decades, a company spokesman said.