Articles Filed Under: Breaking News

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California Ends All Regional Stay Home Orders and Framework

California Ends All Regional Stay Home Orders and Framework

While the current ICU availabilities for the Bay Area (8.2 percent), Greater Sacramento (9.9 percent), San Joaquin Valley (0.0 percent) and Southern California (0.0 percent) regions are all under 15 percent, and none of the regions with an active Stay Home Order were projected to meet the State’s black... Read More »

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 »

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 »

Nearly 14 Million Square Feet of Vacant Office Space in S.F.

Nearly 14 Million Square Feet of Vacant Office Space in S.F.

In addition to 6.7 million square feet of un-leased office space now spread across San Francisco, which is up from 5.6 million square feet of un-leased space just three months ago, there is now another 7.2 million square feet of office space which has been leased but is sitting... Read More »

Bay Area Stay Home Order Will Be Extended [UPDATED]

Bay Area Stay Home Order Will Be Extended [UPDATED]

With the ICU availability for the greater Bay Area Region having just dropped to 3.5 percent of total capacity, the Regional Stay Home Order which went into effect at 11:59PM on December 17, 2020, and could have been lifted tomorrow, January 8, will be formally and indefinitely extended until... Read More »

Average Rent in San Francisco Dropped $1,000 In 2020

Average Rent in San Francisco Dropped $1,000 In 2020

With the average asking rent for a one-bedroom apartment in San Francisco having dropped 23 percent over the past year to under $2,700 a month and the average asking rent for a studio having dropped even more, the weighted average asking rent for an apartment in the city, which... Read More »

COVID-19 Case Rate in San Francisco Hits a New High [UPDATED]

COVID-19 Case Rate in San Francisco Hits a New High [UPDATED]

The average number of daily new COVID-19 cases diagnosed in San Francisco, which had dropped to under 30 in October, ticked up to a new pandemic high of 288 as of last week, which is a 162 percent increase in the daily case rate over the past month alone... Read More »

San Francisco’s Housing Pipeline Held in Q3

San Francisco’s Housing Pipeline Held in Q3

With new permitting and entitlement activity having effectively ground to a halt in the third quarter of this year while construction crews continued to work and deliver new units, the net pipeline of new apartments and condos under development in San Francisco inched down half a percent to just... Read More »

A Misleading Drop in the Bay Area Unemployment Rate

A Misleading Drop in the Bay Area Unemployment Rate

Despite the unemployment rate in San Francisco having declined from 6.7 percent in October to 5.7 percent in November, the number of people living in San Francisco with a paycheck actually dropped by 6,600 last month to 534,100, which is 44,000 fewer employed residents than at the same time... Read More »