AI-Driven Rent Boom and Spillover

SF rents surge 22.9% YoY for 1BR, vacancy 2.2%. Spillover to Oakland (13% rent growth, bidding wars), Marin (10 DOM, 81.5% above list), and Napa (emerging). CMCT reports 11.1% SF rent growth. Zumper and Apartment List show varying figures. AI wealth concentration drives demand, with 78% of US AI investment in H1 2026 going to Bay Area.