Articles Filed Under: Industry Stuff

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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 »

Revised Timing for Massive Power Plant Redevelopment

Revised Timing for Massive Power Plant Redevelopment

Independent of any ongoing impact related to the pandemic or economy in general, the proposed phasing and building timeline for the massive redevelopment of the 29-acre Potrero Power Plant site has been amended and approved. Rather than building in six phases over the course of 16 years, the team... Read More »

Reduced Listings Hit a 10-Year High in San Francisco

With the number of homes on the market in San Francisco nearing a two-decade high and the percentage of homes on the market with a list price that has been reduced at least once having ticked up to 31 percent, which is 14 percentage points, or roughly 80 percent,... Read More »

Apples-to-Apples for Another Efficient Two-Bedroom

Apples-to-Apples for Another Efficient Two-Bedroom

The 714-square-foot, two-bedroom unit #411 was the last unit to sell in the Hayes Valley development at 388 Fulton Street back in 2016.  And while originally priced by the sales office at $962,000, which was in-line with the pricing for the other 68 units in the building which sold,... Read More »

Number of Homes for Sale in S.F. Nearing A Two-Decade High

Number of Homes for Sale in S.F. Nearing A Two-Decade High

Having jumped over 20 percent in September, a move which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked up to 1,900 for the first time in a decade... 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 »

Exceptional West SoMa Loft Finally Secures an “At Asking” Sale

Exceptional West SoMa Loft Finally Secures an “At Asking” Sale

Purchased for $1.135 million in March of 2015, the “exceptional TOP-FLOOR” unit #28 with “soaring double height ceilings” in the award-winning brick & timber live/work loft building at 380 10th Street returned to the market priced at $1.199 million this past April, a sale at which would have represented... Read More »

Approved Development Downsized, Back in Play

Approved Development Downsized, Back in Play

Purchased for $1.528 million in August of 2016, the rent for the Unique Cleaners building at 820 Post Street was then raised, the business was forced to shutter, and plans to level the building and redevelop its Tenderloin parcel were drafted, refined to include traditional bay windows and a... Read More »

Small Business Eviction Can Kicked Down the Road

With Governor Gavin Newsom having inked an extension of Executive Order N-28-20 last week, which will allow local jurisdictions in California to continue banning the eviction of commercial tenants impacted by the COVID-19 pandemic through March 31 of next year (2021), Mayor London Breed has just authorized a modified... Read More »

Sub-Million Dollar Listing Levels Tick Up in San Francisco

Having hit a 9-year high earlier this month, the number of homes on the market which have been listed for under a million dollars has since ticked up another 15 percent to 640, representing 34 percent of all listed inventory versus 26 percent of the inventory on the market... Read More »