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Access to Real Estate <br />People and businesses are increasingly <br />moving to the Tri -Valley and away from <br />skyrocketing real estate prices in San <br />Francisco and Silicon Valley, Silicon Valley <br />and San Francisco both have experienced net <br />negative migration over the last three years.8 <br />Relatively Affordable Real Estate <br />Residential <br />While the cost of housing continued to increase <br />in 2o18, residential rents and median home <br />values in the Tri -Valley remained significantly <br />lower than those in other parts of the Bay Area. <br />By the end of 2018, the average asking rent <br />in San Francisco reached upwards of $3,695, <br />a 55% premium over Alameda and Contra <br />Costa Counties.) For homeowners, monthly <br />housing costs at median house prices were <br />approximately 42% higher in San Francisco and <br />San Mateo Counties than in Alameda County. - <br />"Pleasanton is the <br />sweet spot Where you <br />get the talent from all <br />across the Bay Area <br />and rents aren't quite <br />as expensive as San <br />Francisco,"11 <br />Serge Saxonov <br />CEO and Co -Founder <br />so Genomics <br />Monthly Housing Costs at Median House Price <br />Principal, Interest, Tax, Insurance by County, 04 2018 <br />$8,530 $8.530 <br />SanSan Marin Santa Alameda Napa Sonoma California <br />Francisco Mateo County Clara County County County `S,n9te-Fa-y <br />County County County nome� <br />Source: California Association of Realtors <br />Bay Area Residential Rental Rates <br />Average Asking Rent, Q4 2o18 <br />$3.695 <br />City of City of San City of Marin Alameda Contra <br />San Oakland Mateo San Jose County County Costa <br />Francisco County County <br />Source: Zillow <br />9 <br />