CFAH

Articles Filed Under: Rentals

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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 »

Reduced Rents and Pricing for a Prized View Condo

Reduced Rents and Pricing for a Prized View Condo

Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the “highest and largest” two-bedroom, two-bath unit in the Lumina tower at 338 Main Street, unit #35A, was then listed for $3,449,000 in March of 2017 while alternatively being offered for... 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 »

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 »

San Francisco Rents Just Dropped Even More

San Francisco Rents Just Dropped Even More

Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down... Read More »

Rents in San Francisco Drop Even More, But…

Rents in San Francisco Drop Even More, But…

Having slipped to just under $3,600 last month, the weighted average asking rent for an apartment in San Francisco has since dropped another 5 percent to $3,425, which is now down 20 percent on a year-over-year basis and 23 percent below a 2015-era peak, driven by a sharp increase... Read More »

Asking Rents in Oakland Drop, Listings Jump

Having slipped last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in Oakland has since dropped nearly 5 percent to a little under $2,500 a month, which is now down over 13 percent since the end of last year... Read More »

Vacancy Rate Continues to Climb in San Francisco

Vacancy Rate Continues to Climb in San Francisco

As we outlined two months ago, back in early July: Despite the fact that the weighted average asking rent for an apartment in San Francisco is already down over 10 percent on a year-over-year basis and offers of complimentary rent are on the rise, vacancy rates are still ticking... Read More »

Rent Versus Buy and Returns for the Cheapest Lumina Condo

Rent Versus Buy and Returns for the Cheapest Lumina Condo

Purchased for $800,000 back in September of 2017, the 763-square-foot unit #3D in the Lumina tower at 201 Folsom Street returned to the market priced at $820,000 this past May, positioned as “the lowest-priced condo in the tower,” with an efficient and desirable open-concept layout, an exclusive use patio,... Read More »

Moratorium on Pandemic Related Evictions Extended Again

Moratorium on Pandemic Related Evictions Extended Again

As we outlined in June: The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance... Read More »