The phrase
"skyrocketing rents" means that the prices for renting a place to live have increased rapidly and significantly.
Full definition
Also, despite
skyrocketing rents in tech hubs like Seattle, Denver, and San Jose, the share of cost - burdened renters there remain lower than national averages.
There's a growing hype surrounding tiny homes and micro-apartments, especially in places
with skyrocketing rents like San Francisco, Seattle, and New York, but what's it really like to live in one?
Half a dozen top - notch spaces have closed over the past year in New York alone,
where skyrocketing rents pinch profits.
A neighborhood once infamous for its gritty, hardscrabble nature, the Hell's Kitchen of today is known
for skyrocketing rents, luxury developments, the Javits Convention Center, a thriving nightlife, and a multitude of restaurants with varying cuisines.
From London, to San Francisco and Paris,
skyrocketing rents in many major metropolitan areas around the world are prompting many young people to look for other options.
To understand why, you first have to get past the facial hair, the plaid shirts and
the skyrocketing rents and consider how consumerism has been reimagined, there, in the shadow of Wall Street.
Other cities such as Portland, Austin and Denver are attracting entrepreneurs because they have the size and scale of San Francisco and New York without
the skyrocketing rent prices and high competition.
In the video, Weiner partly blames the decline of New York's middle class on over-regulation and
skyrocketing rents.
With fellow Council Member Jimmy Van Bramer, Levin has introduced the New York City Cultural Plan, a bill which calls on the city to analyze its current cultural priorities, determine how different communities are being served, study the condition of artists in the city, and propose how the city can remain artist - friendly in a time of
skyrocketing rents and other economic pressures.
For those who can't afford
the skyrocketing rents of trendy Williamsburg, Bushwick is the new frontier for unpretentious, experimental art.
These are both working class migrant communities, whose residents struggle to afford
their skyrocketing rents as young, white, affluent artists snatch up vacant property for profit.
Skyrocketing rents in the area had driven out many of their established colleagues and they too were feeling the pressure, too.
Bushwick, of course, has made up for lost time, as denizens of Williamsburg are forced further and further down the L line due to
skyrocketing rents.
Skyrocketing rents in primary office and industrial markets have pushed tenants, and investors, into high - demand secondary markets.
Buyers face a low - inventory,
skyrocketing rent that makes it hard to even save for a down payment, and developers in many cities seem focused on building one - bedroom and studio housing options.
But they're still not likely to have as much left over because so much is going to
skyrocketing rents and education expenses.
Skyrocketing rents and shrinking inventory make Boston one of the most expensive cities in the nation.