Office Vacancy Rate Continues to Climb in San Francisco

Office Vacancy Rate Continues to Climb in San Francisco

In addition to 7.87 million square feet of un-leased office space now spread across the city of San Francisco, which is up from 6.7 million square feet of un-leased space just three months ago, there is now another 7.99 million square feet of office space which has been leased... Read More »

Bay Area Employment and Labor Force Slip

Bay Area Employment and Labor Force Slip

With the State’s Stay Home Order having been lifted in January, and local restrictions on indoor dining, gyms, museums and other indoor attractions having been relaxed in early March, the number of people living in San Francisco with a paycheck inched up by 300 in March to 513,100. And... Read More »

Another Sizable Gas Station Site on the Market, But…

Another Sizable Gas Station Site on the Market, But…

The Mission Terrace 76 station at 1798 Alemany Boulevard, which occupies a 16,500-square-foot parcel on the northwest corner of Alemany and Ocean Avenue is on the market. And yes, the centrally located site is zoned for development up to 40 feet in height, not including any density bonuses which... Read More »

Mortgage Rates Drop

Mortgage Rates Drop

Having inched down 5 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped another 9 basis points to 3.04 percent, which is 27 basis points below its mark at the same time last year and within 40 basis points of its all-time low.... Read More »

Indoor Venues Can Reopen in San Francisco, Plus…

As of Thursday, April 15, 2021, indoor live-audience events, performances and private events (such as conferences and receptions) will be allowed to resume in San Francisco, albeit at reduced capacities, and existing restrictions on other activities and gatherings will be further relaxed. Indoor ticketed and seated events will be... Read More »

The Curious Case of the Reapparating Kitchen

The Curious Case of the Reapparating Kitchen

Having been flagged for the addition of an unpermitted in-law unit back in early 2015, the Excelsior District home at 68 Vienna Street hit the market in July of 2015, listed as a “fully remodeled” four-bedroom home with a “separate entrance” to the two bedrooms, two baths and big... Read More »

Mortgage Loan Activity Continues to Drop

Having dropped 5 percent last week, mortgage loan application volume across the U.S. has since ticked down another 3 percent in the absolute, or 3.7 percent on a seasonally adjusted basis, with another 5 percent drop in refinancing activity and a 1 percent drop in purchase activity, according to... Read More »

Another Modern Two-Bedroom Trades Down Over 10 Percent

Another Modern Two-Bedroom Trades Down Over 10 Percent

When the two-bedroom, two-bath unit #504 in the Rowan building at 338 Potrero, which “exemplifies modern living,” traded for 11.9 percent less than its purchase price in the fourth quarter of 2017 last month, the two-bedroom, two-bath unit one floor below (#404) was in contract but hadn’t yet closed... Read More »

Number of Homes on the Market in San Francisco Holds

Number of Homes on the Market in San Francisco Holds

With the number of homes that were newly listed for sale in San Francisco over the past week matched by the number of new purchase contracts written, overall inventory levels effectively held at around 900 and a seasonal 10-year high. And while the pandemic-driven exodus of listings in March... Read More »

Apples-to-Apples for a Pac Heights Home (With Bonus Plans)

Apples-to-Apples for a Pac Heights Home (With Bonus Plans)

Having “slashed” its list price from $7.9 million to $6.9 million in the second quarter of 2017, the five-bedroom, 4,200-square-foot Pacific Heights home at 2727 Vallejo Street, “just below the coveted Gold Coast,” ended up selling for $6.0 million that July. In addition to offering “a rare blend of... Read More »