Articles Filed Under: East Bay

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Index for Bay Area House Values Ticks Up, Condos Down

Index for Bay Area House Values Ticks Up, Condos Down

Having inched up an upwardly revised 0.9 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up 1.0 percent in September for a year-over-gain of 6.0 percent in... Read More »

Bay Area Re-Employment Jumps, Labor Force Rebounds

Bay Area Re-Employment Jumps, Labor Force Rebounds

Having sputtered in September, the number of people living in San Francisco with a paycheck jumped by 25,400 last month, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic but jumped to 12.6 percent in April, back down to 6.9 percent. That being... Read More »

New Spike in Bay Area Unemployment Claims

New Spike in Bay Area Unemployment Claims

As we noted last month, the rebound in Bay Area employment has sputtered. And in fact, the number of new unemployment claims filed across the Bay Area, which had been on the decline since peaking at 441,813 in April, spiked anew to 281,462 in September, which was up 57... Read More »

Index for Bay Area Home Values Inches Up and Down Again

Index for Bay Area Home Values Inches Up and Down Again

Having ticked up an upwardly revised 1.1 percent in July, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.8 percent in August for a year-over-gain of 4.1 percent versus... Read More »

Oakland Rents Drop, Down Nearly 20 Percent (YOY)

Oakland Rents Drop, Down Nearly 20 Percent (YOY)

While asking rents for an apartment in San Francisco have been on the decline since the start of the year, a decline which was amplified by the pandemic and really accelerated in May, rents in Oakland mostly held firm through June, at which point the weighted average asking rent... Read More »

Massive ‘Sorry to Bother You’ Mansion Trades at a Loss

Massive ‘Sorry to Bother You’ Mansion Trades at a Loss

As we outlined in March of last year: Designed by John Hudson Thomas and built for John Hopkins Spring, a real estate developer, in 1914, the 12,000-square-foot Spring Mansion which sits at 1960 San Antonio Avenue in the Berkeley Hills and was modeled on the Achilleion Palace in Greece,... Read More »

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

As in San Francisco, the vacancy rate for East Bay office space has just ticked back over 14 percent, which includes 3.6 million square feet of un-leased space along with nearly a million square feet which has been leased but is sitting vacant and actively seeking a subletter, which... Read More »

Bay Area Employment Rebound Sputters

Bay Area Employment Rebound Sputters

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 »

Index for Bay Area Home Values Inches Up and Down

Index for Bay Area Home Values Inches Up and Down

Having slipped in May and June, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.9 percent in July for a year-over-gain of 2.5 percent versus a 4.8 percent gain... Read More »

San Francisco Rents Just Dropped Even More

San Francisco Rents Just Dropped Even More

Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down... Read More »