Bay Area Employment Drops, Labor Force Down 123K

Bay Area Employment Drops, Labor Force Down 123K

As we outlined last month, while the unemployment rate in San Francisco dropped in November, the number of people living in San Francisco with a paycheck (i.e., employment) was actually on the decline, as was the case across the Bay Area as well. And in fact, the number of... Read More »

161-Unit Berkeley Infill Development on the Boards

161-Unit Berkeley Infill Development on the Boards

As proposed, seven Berkeley parcels fronting Blake Street and Dwight Way, between Shattuck Ave and Milvia Street, will be merged and two new residential buildings would rise up to 82 feet in height upon the 2015 Blake Street site, with a three-story building on the corner of Blake and... Read More »

COVID-19 Case Rate and Hospitalizations in San Francisco Drop

COVID-19 Case Rate and Hospitalizations in San Francisco Drop

On the positive news front, the average number of new COVID-19 cases diagnosed in San Francisco, which had climbed to a pandemic high of 371 per day two weeks ago, is on the decline and could drop back under 200 new cases per day for the first time since... Read More »

Asking Rents in San Francisco HODL, But…

Asking Rents in San Francisco HODL, But…

Having dropped nearly 24 percent last year, the weighted average asking rent for an apartment in San Francisco has effectively held at around $3,100 a month over the past few weeks, with the average asking rent for a one-bedroom hodling at around $2,700 a month and units with at... Read More »

Plans for an SRO Tower Addition Scrapped, Site Up for Grabs

Plans for an SRO Tower Addition Scrapped, Site Up for Grabs

Plans for a 9-story, stepped-back “tower” addition to rise up to 100 feet in height atop the two-story Jiffy Lube building on Van Ness, between Jackson and Pacific, were informally presented to Planning back in 2018. And in 2019, the paperwork to secure a building permit for the project... Read More »

Inventory Levels Start Ticking Back up, Poised To Climb

Inventory Levels Start Ticking Back up, Poised To Climb

Having dropped at the end of last year with a typical culling of unsold listings and seasonal slowdown in play, along with nearly twice as many homes in contract than there were at the end of 2019, the number of homes listed for sale in San Francisco (880) has... Read More »

Change in Plans to Expedite Development of New Tower

Change in Plans to Expedite Development of New Tower

The refined plans for a 61-story tower to rise up to 800 feet in height at 542-550 Howard Street (a.k.a. Transbay Parcel F) were approved by San Francisco’s Planning Commission early last year, plans which could yield 165 condos, a 189-room hotel, 275,000 square feet of office space and... Read More »

Office Vacancy Rate in the East Bay Nearing 16 Percent

Office Vacancy Rate in the East Bay Nearing 16 Percent

With the office vacancy rate in San Francisco having ticked up to 16.7 percent, the vacancy rate for office space in the East Bay is now nearing 16 percent as well, with 4 million square feet of un-leased space and over a million square feet of space which has... Read More »

Industrial Chic Wine Country Retreat Fetches $953 Per Foot

Industrial Chic Wine Country Retreat Fetches $953 Per Foot

Purchased for $1.45 million in 2011, the former wine country cooperage on Lodi Lane in Saint Helena was converted into an industrial chic residence/retreat, complete with a new pool, pool house and an outdoor kitchen with a wood burning pizza oven and grill in 2014. And the 4,800-square-foot home,... Read More »

Visualizing the Vacant Office Space in San Francisco

Visualizing the Vacant Office Space in San Francisco

As we outlined yesterday, there is now nearly 14 million square feet of vacant office space spread across San Francisco, which is up from around 12 million square feet of vacant space just three months ago and as compared to under 5 million square feet of vacant space at... Read More »