You can still find studios in PB for under $1000/mo. I know someone who rented one for $975/mo starting in February of this year.
I’ve been looking (have a unit to rent now) and rents on existing units aren’t up much over last year. I think that a lot of high-rent NEW units are being built, but that’s a tiny % of the market.
Also, any rent increases that have occurred don’t justify the city-wide run-up in prices since 2012. The multipliers don’t exactly add up 🙂
$1600-2000 for a studio isn’t the norm, other than maybe in the “East Village” where hipster suckers with more money than brains go looking for a hopping urban environment and find overpriced boredom.
