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WFH policies trigger a drop in rent in the Bay Area

WFH policies trigger a drop in rent in the Bay Area

With companies making their WFH policies permanent, workers in Silicon Valley, a once-coveted zip code, are moving to the less crowded suburbs with cleaner air and lower rent. This has created a ripple effect in the housing rates in the Bay Area, in San Franciso alone, the rent has dipped 9.2 per cent. Techies who lost their jobs have also abandoned the valley as they turn to greener pastures outside the Bay Area. 

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