Tech workers within the San Francisco Bay Area who can’t afford soaring rents have as a substitute opted to remain in $700-a-month “sleeping pods” — 4-foot-tall, semi-open boxes that may fit a single twin mattress and which provide shared bathrooms and customary spaces.
Employees at Silicon Valley startups are eschewing the $3,000-a-month studio apartments of downtown San Francisco.
Christian Lewis, the founding father of Spellcraft AI Founder, told KGO-TV that he moved to the Bay Area from Illinois in hopes of growing his AI company.
To this point, he said he’s not complaining about his cozy, recent digs.
“The pod is the scale of a twin bed,” he told the local TV station. “So it’s not very large but it surely gets the job done. You only need a spot to sleep.”
Lewis took to social media, where he posted images of the pod in addition to the common spaces within the Mint Plaza facility.
“I actually pushed off coming to San Francisco for a very very long time but it surely has been absolutely net positive indisputably,” Lewis told KGO-TV.
“Only for the primary couple of days, I met a few of the smartest people I’ve met in my entire life. That’s the explanation I got here and that’s the explanation why I’m staying.”
“That’s the explanation why I’m living in a pod.”
The pods that were arrange by startup company Brownstone are fabricated from steel and wood with a blackout curtain at one end.
The corporate rents out pods in Palo Alto for $800 a month, San Jose for $650 a month, and Bakersfield for $500 a month, its CEO, James Stallworth, told SFGATE.
Brownstone is now establishing shop within the SoMa section of San Francisco, where rental for one-bedrooms and studio apartments range from $2,700 a month to $3,400 a month, in accordance with Zillow.
A recent report by Zillow found that rents have been falling in San Francisco, a city that has been beset by rising crime and an exodus of corporations.
San Jose had the nation’s highest rent prices among the many 50 largest metropolitan areas. The everyday monthly rent in town went for $3,411, in accordance with a report by Zillow.
Latest York City’s rent was second-highest, in accordance with the report. Living within the Big Apple can cost $3,405 for tenants.
San Diego recently supplanted San Francisco because the third costliest rental market within the country. The everyday monthly rent in town went for $3,175.
San Francisco got here in fourth at $3,168.