Demandjumped for Oakland and Scottsdale due to the high rents of SanFrancisco and Phoenix.
SAN FRANCISCO—When a major US city gets too expensive orcorresponding satellite cities start sprouting new amenities,demand and price growth in those satellite cities can actuallyoutpace that of the core cities. Zumper used its data to identifymajor metropolitan areas that retained popularity last year andwhich satellite cities stole the spotlight.
"Our data shows that renters are starting to get more and moreinterested in renting in satellite cities to avoid sky-high rentsin city centers like San Francisco," Crystal Chen, marketingmanager with Zumper, tells GlobeSt.com. "This is not surprising,but what is surprising is how quickly demand is risingyear-over-year."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
