Articles Filed Under: Breaking News

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Number of Homes for Sale in S.F. Hits a Two-Decade High

Number of Homes for Sale in S.F. Hits a Two-Decade High

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 »

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

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 »

Rents Continue to Tumble in San Francisco

Rents Continue to Tumble in San Francisco

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 »

Bay Area Employment Rebound Sputters

Bay Area Employment Rebound Sputters

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 »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

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 »

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

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 »

Another Wave of Vacancies Poised to Roil the Market in S.F.

Another Wave of Vacancies Poised to Roil the Market in S.F.

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 »

Asking Prices Drop in San Francisco, Expectation Gap as Well

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 »

Single-Family Home Inventory Just Hit a 9-Year High in S.F.

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 »

Rental Concession Ante Just Raised Again in San Francisco

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 »