As rents begin to skyrocket down the Peninsula, thousands of new rental units are under construction or planned in the South Bay. The Mercury News reports on the rush to accommodate the pleople filling an estimated 30K new tech jobs in Silicon Valley. Developers are denying, of course, any notion of over-capacity. We can expect to see (in round numbers) 4K rental units in San Jose alone with 9K as a region total after a five year slump. Meanwhile, there are only about 1K planned or under construction in the East Bay. [Mercury News/Photo Credit: Lauren Purkey/MN Staff/Curbed SF]
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