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Palo Alto Weekly

Real Estate - June 7, 2019

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RENT ON THE RISE ... Palo Alto rents are on the rise, according to a June rent report by Apartment List. Rents have increased 0.2% over the past month, and have risen 2% compared to the same time last year, according to the report. Median rent in Palo Alto currently is $3,120 for a two-bedroom apartment, compared to the national average of $1,190. Palo Alto's year-over-year rent growth leads the state average of 1.2%, as well as the national average of 1.5%. Palo Alto isn't the only city to see a bump in rent. Compared to the same time last year, rents have increased in cities throughout Santa Clara County. According to the report, Mountain View has seen the fastest rent growth in the area, with a year-over-year increase of 3.3%. The median two-bedroom there costs $2,730. Cupertino has the most expensive rents in the area with a two-bedroom median of $5,240. The city, however, also showed the biggest rent drop in the area over the past month with a 0.5% decrease.

CHOCOLATE WORKSHOP... Gamble Garden is holding a summer workshop on Thursday, June 20, from 7 to 8:30 p.m., on the history of chocolate, its production and its global impact. Participants will learn about the different styles of chocolate on the market and how to distinguish between them. The event includes a blind tasting of single-origin chocolates produced from cocoa harvested in different areas of the world as well as blends of chocolate. The workshop is open to ages 18 and over. Cost is $35 for members and $45 for nonmembers. Gamble Garden is located at 1431 Waverley St. For more information, go to gamblegarden.org.

MODERN ARCHITECTURE TOUR... The Modern Architecture + Design Society is holding its annual Silicon Valley Modern Home Tour from 11 a.m. to 5 p.m., Saturday, June 8. The event celebrates regional architects, designers and home builders and gives them the opportunity to showcase their work to the communities in which they work. Participants will have the opportunity to meet the architects and home builders during the self-guided tour and ask questions about their designs. Homes on this year's tour include: a modern renovation of a 1955 home in Mountain View; a sustainable modern home built in Portola Valley in 2012; a modern home in the Los Altos Hills; and a brand new modern home in San Jose. Tickets for the event are available online for $40 in advance; $50 day of. The tour is open ages 10 and older. For more information, go to siliconvalleymodernhometour.com.


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