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Articles Recently Tagged: COVID-19

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Exquisite Russian Hill Home Slips Below Its Pre-Covid Price

Exquisite Russian Hill Home Slips Below Its Pre-Covid Price

Having been “exquisitely renovated…with the finest materials, fixtures, and finishes, including the meticulous preservation of period details,” the 3,225-square-foot, four-bedroom Russian Hill home at 45 Glover Street, which includes a wraparound, top-floor terrace with two private patios and views to the Golden Gate Bridge, hit the market priced at... Read More »

Office Vacancy Rate in San Francisco Hits an Even Higher High

Office Vacancy Rate in San Francisco Hits an Even Higher High

Having hit a pandemic-era high of 23 percent in the third quarter of last year, the effective office vacancy rate in San Francisco has since ticked up another 110 basis points to just over 24 percent, representing nearly 21 million square feet of vacant office space in buildings spread... Read More »

Rents in San Francisco Drop, Availability Up

Rents in San Francisco Drop, Availability Up

Having ticked down a percent in October, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,575 per month and has declined for three months in a row with what would appear to be typical seasonality back in play, at... Read More »

Asking Rents in San Francisco and Oakland Slip, Inventory Up

Asking Rents in San Francisco and Oakland Slip, Inventory Up

The weighted average asking rent for an apartment in San Francisco ticked down another (1) percent in October to $3,690 per month and has now ticked down for two months in a row. As such, while the average asking rent in San Francisco is 10 percent higher than at... Read More »

Office Vacancy Rate in San Francisco Just Hit a New High

Office Vacancy Rate in San Francisco Just Hit a New High

Having held at a pandemic high of 21.7 percent in the second quarter of this year, the effective office vacancy rate in San Francisco ticked up another 130 basis points in the third quarter to 23.0 percent, representing 19.9 million square feet of vacant office space in the city,... Read More »

Asking Rents in San Francisco Slip, Availability Ticks Up

Asking Rents in San Francisco Slip, Availability Ticks Up

Having held in August, the weighted average asking rent for an apartment in San Francisco actually slipped around a percent in September to $3,725 per month, representing the first pullback in seven months.  And while 9 percent higher than at the same time last year and 22 percent above... Read More »

Asking Rents in San Francisco Hold, Demand for Studios Up

Asking Rents in San Francisco Hold, Demand for Studios Up

Having jumped to $3,750 at the end of July, which was 11 percent higher than at the same time last year and 23 percent ($700) above last year’s nadir for rents, the weighted average asking rent for an apartment in San Francisco effectively held in August and remains 9... Read More »

Asking Rents in San Francisco Jump, Poised to Rise

Asking Rents in San Francisco Jump, Poised to Rise

Having hit $3,575 at the end of June, the weighted average asking rent for an apartment in San Francisco has since jumped another 5 percent to $3,750 a month, which is still 11 percent higher than at the same time last year, which is unchanged from June, but nearly... Read More »

Bay Area Employment Slipped Last Month, the Labor Force Too

Bay Area Employment Slipped Last Month, the Labor Force Too

Having inched up by an upwardly revised 1,800 in May, the net number of people living in San Francisco with a paycheck slipped by 3,000 in June to 553,800. And while it was a relatively minor move last month, keep in mind that employment typically ticks up in June.... 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 »