A windowless ground-floor unit for $4,750: the AI boom pushes San Francisco rents skyward

San Francisco's rental market is experiencing a surge due to an influx of high-earning tech workers, leading to a rent crisis. A ground-floor unit costs $4,750, despite lacking windows, as demand from young engineers drives competition. The mayor has declared a 'rent emergency' amid rising evictions and displacement of Latino families. The median rent has increased significantly, making it unaffordable for many residents. While newcomers can afford high rents, long-term residents face eviction and financial strain. The mayor's proposed measures to address the crisis have drawn criticism for not adequately protecting tenants or expanding rent control.