https://www.siliconvalley.com/2022/07/04/south-bay-rents-surge-back-to-pre-pandemic-levels-as-san-francisco-lags-behind/

South Bay rental prices are surging back to pre-pandemic levels, leaving San Francisco as the last large metro area in the country where renters are paying less for an apartment than before the onset of COVID-19, according to a new report.

In the months after the pandemic hit in March 2020, rental prices in many of the Bay Area’s core cities cratered as more people began working remotely and fled to the suburbs or areas outside the region. Prices ticked back up but had failed to fully rebound, even as rents in other large cities across the country soared to record highs after initial drop-offs.