CFAH

Articles Filed Under: Commercial

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Surreptitious Plans to Fell The Royal Oak

Surreptitious Plans to Fell The Royal Oak

Opened in 1975 and shuttered by the pandemic, the Royal Oak bar and two-story building at 2201 Polk Street, on the northwest corner of Polk and Vallejo, hit the market listed for $8.5 million last year. While the Royal Oak doesn’t appear to have sold, or at least closed... Read More »

Office Vacancy Rate in S.F. Was Holding at a Pandemic High

Office Vacancy Rate in S.F. Was Holding at a Pandemic High

Having hit a pandemic high of 21.7 percent in the first quarter of 2022, the effective office vacancy rate in San Francisco was unchanged in the second quarter of this year, representing 18.7 million square feet of vacant office space in the city, with a slight decrease in the... Read More »

IKEA’s Redevelopment of Mid-Market Center Closer to Reality

IKEA’s Redevelopment of Mid-Market Center Closer to Reality

Following a couple of false starts and mis-reports, the formal application to proceed with the conversion of the ill-fated and long-vacant “6×6 San Francisco” shopping center at 945 Market Street into an IKEA-anchored Market Street Place has been submitted to Planning. In addition to an 87,000-square-foot IKEA, the conversion... Read More »

Storied Venue Further Reduced Below Replacement Cost

Storied Venue Further Reduced Below Replacement Cost

As we outlined back in September of 2019: Built for an Italian men’s club in 1919, complete with a gym, boxing ring, and private social/supper club space, the ornate “Garibaldi Hall” at 435/443 Broadway, which is now on the market, has a storied history to tell. The roughly 12,000-square-foot... Read More »

Further Muted Plans for New Wharf Hotel Closer to Reality, But…

Further Muted Plans for New Wharf Hotel Closer to Reality, But…

As we outlined back in March of 2020: Having faced some pushback from the City’s Planning Department with respect to their proposed approach, as originally rendered above, the plans for a five-level hotel to rise up to 40 feet in height upon on the Northwest corner of North Point... Read More »

Visualizing All the Vacant Office Space in San Francisco

Visualizing All the Vacant Office Space in San Francisco

As we outlined last week, the amount of vacant office space in San Francisco has ticked up to a pandemic high of 18.7 million square feet versus under 5 million square feet prior to the pandemic. For context, the 1,070-foot-tall Salesforce/Transbay tower at First and Mission, which is the... Read More »

Office Vacancy Rate in San Francisco Hits a Pandemic High

Office Vacancy Rate in San Francisco Hits a Pandemic High

Having inched down to just under 20 percent at the end of last year, the effective office vacancy rate in San Francisco ticked back up to a pandemic high of 21.7 percent in the first quarter of 2022, representing 18.7 million square feet of vacant office space in the... Read More »

Office Vacancy Rate in the East Bay Eases, First Drop Since 2019

Office Vacancy Rate in the East Bay Eases, First Drop Since 2019

Having ticked over 18 percent at the end of last year, the office vacancy rate in the East Bay, not including Walnut Creek or further east, inched down to 17.3 percent in the first quarter of 2022, representing the first decline in the vacancy rate since late 2019 (at... Read More »

An Institution’s Parcel Is in Play

An Institution’s Parcel Is in Play

Home to Popeyes Louisiana Kitchen since 1986, the 2,000-square-foot building and parcel on the southwest corner of Divisadero and Hayes, which was purchased for $350,000 in 1988, is now on the market with a $2,395,000 price tag. The substandard corner parcel is zoned for development up to 65 feet... Read More »

Plans to Eliminate San Francisco’s Industrial Protection Zone

Plans to Eliminate San Francisco’s Industrial Protection Zone

Created in 2001 to protect industrial businesses from being displaced by higher-paying residential, retail and office developments in San Francisco’s Eastern Neighborhoods, the City’s Industrial Protection Zone (IPZ) Special Use District applies Manufacturing (M) zoning controls to a large swath of land in Bayshore and western Bayview, generally bounded... Read More »