Landlords in San Francisco inked 389 legally recorded tenant buyout agreements last year, as mapped above, effectively equal to the 391 agreements inked in 2021 but with 618 “pre-buyout negotiation” forms having been newly disclosed as well.
The highest reported buyout agreement totaled $460,000 last year, according to our queries of the City’s database, a total which was split between two holdout tenants in a six-unit building in Pacific Heights, with the largest payout per tenant totaling $300,000 for one of two units in a Pacific Heights duplex that was acquired with the tenant in early 2021.
The average reported buyout agreement in San Francisco totaled $53,828 last year, according to our queries, with an average payout of $35,720 per tenant, which was up from an average agreement of $46,676 and $29,270 per tenant in 2021, which was up from an average agreement of $44,714 and $29,216 per tenant in 2020.
And for the fifth year in a row, the Mission was the San Francisco neighborhood with the most inked buyout agreements (49), followed by the Sunset (42) for the second year in a row and now trailed by Ingleside (33), Haight-Ashbury (29), the Inner Richmond (26), Eureka Valley (25) and Parkside (22).
We’ll keep you posted and plugged-in.