I started noticing the rent increases and supply due to come online but had no idea it would come into effect nearly this quick. San Francisco is still the hottest multi-family market (I think), but this is what can happen when rent jumps 36%. I also think a mid-eight to ten digit valuation being slapped on anything in the "social space" had a hand in this run up.
http://www.bloomberg.com/news/2013-05-14/san-francisco-leasing-slows-am…
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