With one million visitors expected to check into town for Super Bowl 50, rental prices in San Francisco have sky-rocketed in anticipation of increased demand. Associate Press staffer Janie Har reports on the increased rental prices seen throughout the area in response to the big game.
Homes being offered go from a luxury 8,500-square-foot home in San Jose, California, listed for $10,000 a night down to a treehouse for two for $495 a night. But with the NFL booking half of the rooms in the Bay Area, visitors must find a place to stay in the area:
In response, the number of listings on traditional home-sharing sites such as Airbnb and HomeAway have soared. According to Airbnb, demand is about three times greater than for last year's Super Bowl in Arizona, with homes closer to the stadium listed at higher prices than units in notoriously apartment-squeezed San Francisco.