Following a trend which shouldn’t have caught any plugged-in readers by surprise, as its basis was in place prior to the pandemic having hit, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked over 2,000 for the... Read More »

Despite offers of up to three months free rent, cash incentives to sign a new lease and advertised rents having already dropped over 20 percent on a year-over-year basis, the weighted average asking rent for an apartment in San Francisco continues to tumble and has just dropped to under... Read More »

Having dropped by over 90,000 from March through May, yielding an unemployment rate of 12.7 percent, the number of people living in San Francisco with a paycheck rebounded by 33,000 from June through August, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic,... Read More »

With the number of homes on the market in San Francisco nearing a two-decade high, and the percentage of homes on the market listed for under a million dollars having just ticked up to 35 percent, which is up 2 percentage points over the past month and versus 26... Read More »

Having moderated around 2.9 percent since early September, the average rate for a benchmark 30-year mortgage inched down 6 basis points over the past week to a new all-time low of 2.81 percent, which is 88 basis points below its mark at the same time last year and 5... Read More »

In addition to 5.6 million square feet of directly vacant, un-leased office space spread across the city, which is up from around 3.7 million square feet of un-leased space at the same time last year, there is now 6.2 million square feet of office space in San Francisco which... Read More »

Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the “highest and largest” two-bedroom, two-bath unit in the Lumina tower at 338 Main Street, unit #35A, was then listed for $3,449,000 in March of 2017 while alternatively being offered for... Read More »

While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had only ticked up from around 5 percent in the second quarter of last year to around 6 percent in the second quarter of 2020, that single percentage point increase represented around 1,500 newly vacated units, or... Read More »

With the number of homes on the market in San Francisco nearing a two-decade high, a move which shouldn’t have caught any plugged-in readers by surprise, and the asking price for a third of said homes having been reduced at least once, the average price per square foot of... Read More »

Independent of any ongoing impact related to the pandemic or economy in general, the proposed phasing and building timeline for the massive redevelopment of the 29-acre Potrero Power Plant site has been amended and approved. Rather than building in six phases over the course of 16 years, the team... Read More »