Atlantic Cities

San Francisco's Fluctuating Rent Looks an Awful Lot Like the NASDAQ

Tech investor Bill Gurley posted this striking graph on Twitter last night tracking the rise and fall of the NASDAQ Index alongside office building rental rates (in price per square foot) in the city that's been most closely linked to the booms and busts of the tech industry:

As Gurley suggests, you could probably draw similar correlations between the NASDAQ and plenty of other indicators in American life, from San Francisco or elsewhere. But this one chart neatly illustrates a trend that lately parallels what's happened to the city's residential real estate in the midst of a second tech boom.

Emily Badger is a former staff writer at The Atlantic Cities based in Washington, D.C. She now writes for The Washington Post. All posts »

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