Pace of Home Sales in the U.S. Inches Up, Mix Drives Median Up
Having slipped 2.5 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. inched up 0.7 percent in December to an annual rate of 6.76 million sales,…
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…
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…
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,…
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…
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…
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…
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…
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…
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…