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The Guardian - US
The Guardian - US
World
Uwa Ede-Osifo

San Francisco mayor declares rent emergency as housing costs soar amid AI boom

San Francisco Daniel Lurie
Aerial view of residential buildings with a suspension bridge in the background
The North Beach neighborhood in San Francisco, where rents are soaring as the AI boom brings a new wave of wealth to the city. Photograph: Heather Diehl/Getty Images

San Francisco’s mayor, Daniel Lurie, declared a rent emergency on Thursday, proposing reforms aimed at curbing evictions and preventing rent spikes as the city grapples with soaring apartment prices.

The Bay Area city, home to a large number of high-earning tech workers, has long been one of the most expensive housing and rental markets in the country.

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