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 »

As in San Francisco, the vacancy rate for East Bay office space has just ticked back over 14 percent, which includes 3.6 million square feet of un-leased space along with nearly a million square feet which has been leased but is sitting vacant and actively seeking a subletter, which... Read More »

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 »

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 »

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 »

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 »

While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had only ticked up from around 5 percent in the second quarter of last year to around 6 percent in the second quarter of 2020, that single percentage point increase represented around 1,500 newly vacated units, or... Read More »

With the number of homes on the market in San Francisco nearing a two-decade high, a move which shouldn’t have caught any plugged-in readers by surprise, and the asking price for a third of said homes having been reduced at least once, the average price per square foot of... Read More »

Despite some misreports to the contrary, the market for single-family homes in San Francisco hasn’t become detached from the market for condos. While the market for condos tends to be more volatile, with higher highs, lower lows and faster swings between the two, it remains a leading indicator for... Read More »

In a move that shouldn’t catch any plugged-in readers by surprise, with rents continuing to tumble and vacancy rates on the rise, Related has just upped the rental concession ante in San Francisco and is now offering up to three (3) months of complimentary rent to new residents who... Read More »