“Demand is very high,” said Piazza, who heads up Los Gatos-based Piazza Advantage Real Estate and is also with Coldwell Banker Global Luxury. “Some celebrity reps are offering a lot of money to rent these homes.”

In Santa Clara, the site of the upcoming NFL championship game, the average monthly rent was $4,935 as of midday Jan. 30, according to a historical rent tracker on RentHop.

RELATED: Welcome to Santa Clara! Your one-stop guide to Super Bowl LX

That figure represents a 28.8% increase compared with the $3,832 average rent at the end of December 2025, RentHop estimates show. A RentHop chart indicates it is the largest one-month increase in average rental property prices in Santa Clara in at least 10 years.

“Demand is seeing a real spike, and prices are way up” in the San Jose, Palo Alto and Santa Clara areas, said Bram Gallagher, director of economics and forecasting with AirDNA, an analytics firm that tracks short-term rentals worldwide.

Some people are willing to offer $250,000 for a one-week rental, while others could pay as much as $500,000, according to Piazza.

“You have people who want to pay more rent in a week than they would normally have to pay for the entire month,” said Ken DeLeon, founder and managing broker of Palo Alto-based DeLeon Realty.

In the San Jose-Palo Alto-Santa Clara area, the average asking price for available short-term rentals on Feb. 7, the day before the Super Bowl, is $229.33 a night, according to an updated AirDNA survey completed Jan. 27.

In San Francisco, where events and parties leading up to the Super Bowl will be held, the average asking price for Feb. 7 is $322.69 a night, according to the same survey.

In Oakland, the average price for available rentals is $199.57 for that date, AirDNA reported.

Compared with a year earlier, average rates for rentals that remain available are up 28.9% in the San Jose-Palo Alto-Santa Clara region, 11.7% in San Francisco and 1.3% in Oakland, AirDNA found.

Average per-night short-term rents for homes already reserved for Feb. 7 are up 55.7% in the San Jose-Palo Alto-Santa Clara area compared with a year ago, AirDNA estimates show. In San Francisco, reserved short-term rents are up 30.2%, while Oakland rents are up 12.7%.

In San Francisco’s Pacific Heights neighborhood, people are willing to pay $10,000 to $15,000 a night for a top-tier residence that would normally rent for about $65,000 a month, according to Darcy Elman, an agent with Compass Real Estate.

Yet even the wealthiest visitors cannot always find a suitable home to rent for a few days in the Bay Area, no matter how much they are willing to pay, real estate executives said.

“The right house isn’t easy to find,” Elman said. “Big houses that are in great neighborhoods, that also will be vacant at the time they’re needed before the game, and that are beautiful and luxurious, those aren’t easy to find.”

Elman said she had to scour numerous properties before placing a Super Bowl visitor in a six-bedroom, five-bath home in San Francisco that spans more than 5,000 square feet.

“These houses exist, but they aren’t cookie-cutter residences, and they’re not on the open market,” Elman said. “You have to find them by word of mouth.”

Piazza said several mansion owners he works with have declined the temptation of a quick payday — even offers as high as $500,000 — to rent out their homes for a few days.

“The demand is high, and it’s crazy this week,” Piazza said. “But I had four sellers who refused to rent out their homes for a few days. These are places with spectacular pools, so the owners were wondering if there would be big parties, maybe with a DJ. The owners are making common-sense decisions to not rent their homes.”

There is also a longer-term incentive for owners preparing to sell their homes to keep properties in pristine condition, Piazza said.

With just days left before kickoff, the laws of supply and demand are likely to intensify as visitors compete for dwindling inventory and owners attempt to command the highest possible prices.

“That last week before the game is a really crucial time,” Gallagher said.

As of Jan. 26, about 71% of available residences in the San Jose-Palo Alto-Santa Clara market had already been rented, AirDNA estimated. Occupancy levels were 68% in San Francisco and 57% in Oakland.

By comparison, short-term rentals in New Orleans reached 97% occupancy ahead of the Super Bowl in February 2025, while Las Vegas reached 92% occupancy the day before hosting the game in February 2024, Gallagher said.

In New Orleans, short-term rentals climbed to $612 a night on the eve of the Super Bowl — 53% higher than the same date a year earlier.

“When it gets to 90% occupancy, prices can go really wild,” Gallagher said.

This Super Bowl-spurred surge to grab short-term rentals might wind up as a prelude to potential demand spikes as dates loom for NCAA men’s college basketball games in downtown San Jose and FIFA World Cup soccer matches in Santa Clara.

The Federal Deposit Insurance Corp., which insures bank deposits, said Monday that it moved to protect depositors by transferring all of Silicon Valley Bank’s insured and uninsured deposits, “and substantially all assets” of the former bank, to a “newly created, full-service FDIC-operated ‘bridge bank.’ ” The bank was the largest bank to fail since the 2008 financial crisis.

The regulatory actions came after the bank for numerous Silicon Valley startups and tech companies spiraled into insolvency and was seized on Friday. On Sunday, regulators closed a second bank, the New York City-based Signature Bank, which lends money to law firms and real estate companies. Officials said clients there would also be able to access all of their money.

Federal officials said they will also attempt another auction of Silicon Valley Bank after a first failed attempt to find a buyer, the FDIC told U.S. senators during a briefing, the Wall Street Journal reported.

On Monday, President Joe Biden sought to reassure worried depositors and called for stricter regulations aimed at preventing bank failures. “Americans can have confidence that the banking system is safe,” Biden said during a short speech.

The move to protect Silicon Valley Bank depositors arose over fears that tech startups, which favored the bank, might be forced to shut down or furlough employees due to a cash squeeze if their uninsured deposits weren’t available to tap for their ongoing operations — and to ward off runs against other banks with a high percentage of uninsured deposits.

Still, uneasy customers, such as Platina Systems, a San Jose-based software firm, waited for hours outside the Silicon Valley Bank headquarters on Monday.

“We didn’t know what was going to happen, so I decided to come here in person,” said Meichi Lai, vice president of finance with Platina Systems, which has been a customer of Silicon Valley Bank since 2014. “I tried to get into the bank’s online system, but it put me into an infinite loop and kept kicking me out.”

Platina is under time pressure because the tech startup is due to issue the next round of paychecks to its employees by Thursday. “We’re really trying to get this done as soon as possible,” Lai said. “We didn’t know what was going to happen.”

Bank officials told the company that wire transfer requests at the bank were backed up and delayed, according to Lai.

One San Jose resident said he endured an anxious few days after hearing the bank had collapsed — worrying through the weekend.

On Monday, the shares of another bank, San Francisco-based First Republic Bank, nosedived and plunged about 62% to close at $31.21, a precipitous drop of $50.55 in a single day. Like Silicon Valley Bank, First Republic is a regional bank with a considerable number of wealthy depositors.

Investors became queasy about First Republic Bank after the bank announced Sunday that the FDIC and JPMorgan Chase had teamed up to provide access to $70 billion in funds through an array of sources.

Still, not everyone was worried.

Joe O’Neal, a customer with First Republic Bank, said he retained confidence in the bank. “They said they got a loan from Chase Bank but they didn’t really need it. They’re more than capitalized for this,” he said. His deposits are below the $250,000 FDIC insurance threshold and fully insured.

A shareholder filed a class-action lawsuit against Silicon Valley Bank and its top executives, in a complaint that claims the bank failed to disclose to investors the potential effects on the bank of Federal Reserve interest rate hikes, one of a multitude of factors leading to its demise.

“The second quarter of 2021 report did not disclose the risk that future interest rate hikes posed to the company’s business, despite the Fed signaling that it might raise interest rates in the future, and was certainly prepared to do so in the event of rising inflation,” the litigation stated in part. Bank shareholder Chandra Vanipenta claimed in the complaint that she purchased shares in Silicon Valley Bank’s holding company at “inflated prices.”

On Feb. 27, Chief Executive Officer Greg Becker sold $3.6 million of stock in Silicon Valley Bank, an insider trade that occurred less than two weeks before the bank’s problems began to surface publicly.

Plus, an unknown number of bank employees received their annual bonuses on Friday, just ahead of the fed takeover.

Staff writer Aldo Toledo contributed to this report

The Federal Deposit Insurance Corp., which insures bank deposits, said Monday that it moved to protect depositors by transferring all of Silicon Valley Bank’s insured and uninsured deposits, “and substantially all assets” of the former bank, to a “newly created, full-service FDIC-operated ‘bridge bank.’ ” The bank was the largest bank to fail since the 2008 financial crisis.

The regulatory actions came after the bank for numerous Silicon Valley startups and tech companies spiraled into insolvency and was seized on Friday. On Sunday, regulators closed a second bank, the New York City-based Signature Bank, which lends money to law firms and real estate companies. Officials said clients there would also be able to access all of their money.

Federal officials said they will also attempt another auction of Silicon Valley Bank after a first failed attempt to find a buyer, the FDIC told U.S. senators during a briefing, the Wall Street Journal reported.

On Monday, President Joe Biden sought to reassure worried depositors and called for stricter regulations aimed at preventing bank failures. “Americans can have confidence that the banking system is safe,” Biden said during a short speech.

The move to protect Silicon Valley Bank depositors arose over fears that tech startups, which favored the bank, might be forced to shut down or furlough employees due to a cash squeeze if their uninsured deposits weren’t available to tap for their ongoing operations — and to ward off runs against other banks with a high percentage of uninsured deposits.

Still, uneasy customers, such as Platina Systems, a San Jose-based software firm, waited for hours outside the Silicon Valley Bank headquarters on Monday.

“We didn’t know what was going to happen, so I decided to come here in person,” said Meichi Lai, vice president of finance with Platina Systems, which has been a customer of Silicon Valley Bank since 2014. “I tried to get into the bank’s online system, but it put me into an infinite loop and kept kicking me out.”

Platina is under time pressure because the tech startup is due to issue the next round of paychecks to its employees by Thursday. “We’re really trying to get this done as soon as possible,” Lai said. “We didn’t know what was going to happen.”

Bank officials told the company that wire transfer requests at the bank were backed up and delayed, according to Lai.

One San Jose resident said he endured an anxious few days after hearing the bank had collapsed — worrying through the weekend.

On Monday, the shares of another bank, San Francisco-based First Republic Bank, nosedived and plunged about 62% to close at $31.21, a precipitous drop of $50.55 in a single day. Like Silicon Valley Bank, First Republic is a regional bank with a considerable number of wealthy depositors.

Investors became queasy about First Republic Bank after the bank announced Sunday that the FDIC and JPMorgan Chase had teamed up to provide access to $70 billion in funds through an array of sources.

Still, not everyone was worried.

Joe O’Neal, a customer with First Republic Bank, said he retained confidence in the bank. “They said they got a loan from Chase Bank but they didn’t really need it. They’re more than capitalized for this,” he said. His deposits are below the $250,000 FDIC insurance threshold and fully insured.

A shareholder filed a class-action lawsuit against Silicon Valley Bank and its top executives, in a complaint that claims the bank failed to disclose to investors the potential effects on the bank of Federal Reserve interest rate hikes, one of a multitude of factors leading to its demise.

“The second quarter of 2021 report did not disclose the risk that future interest rate hikes posed to the company’s business, despite the Fed signaling that it might raise interest rates in the future, and was certainly prepared to do so in the event of rising inflation,” the litigation stated in part. Bank shareholder Chandra Vanipenta claimed in the complaint that she purchased shares in Silicon Valley Bank’s holding company at “inflated prices.”

On Feb. 27, Chief Executive Officer Greg Becker sold $3.6 million of stock in Silicon Valley Bank, an insider trade that occurred less than two weeks before the bank’s problems began to surface publicly.

Plus, an unknown number of bank employees received their annual bonuses on Friday, just ahead of the fed takeover.

Staff writer Aldo Toledo contributed to this report