Apartment Constructions Costs up 45% Sending Rents Into Outerspace

Fifteen Fifty, a 40 story aparment house just being completed in San Francisco at the intersection of Van Ness and Mission, with 550-units and amenities including a dog washing station and 5,600 square foot dog park on the fifth floor, saw construction prices go up 45% since its conception six years ago. As a result, studio aparments are going for $3,500/month and three-bedroom apartments for $9,500!