San Francisco company offers $700 sleeping pods as demand for affordable housing surges

A company in San Francisco is renting sleeping pods for $700 a month, with 300 applicants for 17 available beds. The pods, located in a former bank, include privacy curtains and charging ports. Brownstone Shared Housing's facility was previously flagged for code violations but is now compliant. The company plans to open a second location with 100 pods early next year. The demand for affordable housing in the area is high, with nearly 20 applicants for each pod. The company also operates in Palo Alto, where pods rent for $800 a month.