Palo Alto, located in the southeastern section of the San Francisco peninsula, continues to be one of the most expensive cities in the country. Its residents are the most educated as well.
The city boasts a high quality of life, numerous parks and a bustling downtown area. Residents enjoy the Mediterranean climate with an average high in the 70s through the year.
Palo Alto serves as a focal point to the Bay Area’s economy with more than 7,000 businesses like VMWare, Space Systems/Loral and Hewlett-Packard employing more than 100,000 people. Famed Sand Hill Road is known as the business center for all the top venture capital firms.
Demand for housing in the area continues to be outpace current supply. In terms of corporate housing, there seems to always be limited availability, if any at all, which yields relatively much higher rental rates.
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