Seattle rents declined for months amid the coronavirus pandemic. Now, they re starting to stabilize
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A pedestrian looks up at a “For Rent” sign in a window on Hayes Street in San Francisco on Friday, October 9, 2020. San Francisco s falling sales taxes and other data like declining apartment rents and busy movers strongly suggest the city s population is shrinking after four decades of growthNick Otto / Special to The Chronicle 2020
Seattle rents have declined for months since the start of the pandemic, dropping by 20% year over year.
But now, it appears rents in the region may be starting to stabilize, according to the latest report from ApartmentList. In January, rents in Seattle went down by about 0.8%. The median rent for a one-bedroom apartment in January was $1,366. For a two-bedroom apartment in Seattle, the median rent price stood at $1,666.
A new report reveals that rent in Denver fell by more than 5 percent in 2020 the biggest drop in a decade even as prices in many parts of the metro area have increased. The data suggests that the exodus from the Mile High City to the suburbs is continuing. And while fallout from the COVID-19 pandemic is definitely a factor in this phenomenon, it s hardly the only one.
The February 2021 Denver rent report from Apartment List reveals that rent dipped 0.3 percent from December 2020 to January 2021, the most recent month for which data is available, and 5.5 percent over the previous year.
Back in January 2020, Denver rent was up 0.6 percent over the previous month, the study points out and such monthly increases had practically become a tradition. In April 2018, an analysis by RealPage.com, a property-management software firm, showed that rent in Denver had gone up a staggering 48.3 percent from 2010 to the end of 2017. The increase was fourth-largest in the nation during this
After investing in the dating app Bumble and coding education startup Holberton School, Indian actress, entrepreneur, and investor Priyanka Chopra is now backing the online marketplace Apartment List.
Joining Chopra as investors in the San Francisco, Calif.-based company are celebrities such as singer Lizzo, baseball star Alex Rodriguez, and basketball player Andre Iguodala, among others.
Chopra was introduced to tech investing by her manager Anjula Acharia, a founder and angel investor who spent time as an entrepreneur-in-residence and partner at Trinity Ventures, a Silicon Valley venture capital firm, according to IANS. The two have worked together since 2010. Acharia is also among the new investors.