Adobe Intern Community Guide - San Francisco

WELCOME TO SAN FRANCISCO

CONGRATULATIONS ON YOUR INTERNSHIP WITH ADOBE! We are so excited you will be joining us soon. The Bay Area is an amazing and diverse community with tons of activities to do and places to see. There are so many perks to living in this hub of creativity and innovation – access to new people, culture, food and technology, but with that comes the challenge of finding affordable housing. Rental home and apartment prices tend to be high in the Bay Area, so we recommend finding a roommate/housemate to split the cost of housing and utilities. Figure out where you want to live and get started on the search as early as you can. We have compiled some information to help get you oriented with your internship location. Our best advice is to keep your options open and be creative in your housing search! WHAT TO KNOW ABOUT RENTING IN SAN FRANCISCO San Francisco, “The City” to locals, is in northern California, and is the financial, cultural, and transportation center of the San Francisco Bay Area. It is the second-most densely populated city in the United States, after New York City. There is no multiple-listing rental service in the City and most brokers do not handle rentals (though there are services specifically focused on rental housing) so finding a rental property requires contacts and creativity. Craigslist is the most popular source for listings. However, the listed prices can sometimes rise considerably due to bidding wars among prospective tenants and the information is not always up to date. Property availability changes swiftly due to fast turnover in this very tight rental market. Although competition for properties has eased slightly since the pre- pandemic market, tenants must still be prepared to make quick decisions and have funds, credit reports, references, and proof of employment readily available.

SAN FRANCISCO AT A GLANCE

CONSIDERATIONS

FINDINGS

COMMENTS

Housing Availability

Low

Availability changes daily. Lowest vacancy during summer

Tenant Paid Real Estate Fees

Seldom

If there is an agent fee, it is usually one to two months’ rent

Typical Lease Length

12 Months

Typical Security Deposit

1 to 2 Months

Cannot legally be more than three months’ rent

Early Termination Clauses

Limited

Due to tight rental market

Negotiation of Lease Terms

Low

Extremely rare due to the tight rental market

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San Francisco Community Guide