Articles Filed Under: Trends

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Visualizing the Vacant Office Space in San Francisco

Visualizing the Vacant Office Space in San Francisco

As we noted last week, there is nearly 12 million square feet of vacant office space now spread across San Francisco, including 5.6 million square feet of un-leased space and 6.2 million square feet of space which has been leased but is now sitting vacant and actively seeking a... 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 »

Mortgage Rates Inch Down to New Lows

Mortgage Rates Inch Down to New Lows

The average rate for a benchmark 30-year mortgage, which dropped to a new all-time low of 2.81 percent last week, has inched down another basis point to 2.80 percent, which is nearly a full percentage point, or 25 percent, lower than at the same time last year, according to... Read More »

Pace of Home Sales in the U.S. Jumps, Driving Inventory Down

Pace of Home Sales in the U.S. Jumps, Driving Inventory Down

Having hit a 14-year high in August, the seasonally adjusted pace of existing-home sales across the U.S. jumped another 9.4 percent in September to an annual rate of 6.54 million sales, a pace which is 20.9 percent higher than at the same time last year, according to the National... Read More »

Number of Homes for Sale in S.F. Hits a Two-Decade High

Number of Homes for Sale in S.F. Hits a Two-Decade High

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 »

Rents Continue to Tumble in San Francisco

Rents Continue to Tumble in San Francisco

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 »

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 »

Sub-Million Dollar Listing Levels Tick Up Again in San Francisco

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 »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

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 »

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

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 »