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Articles Recently Tagged: COVID-19

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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 »

Over Twice as Many Homes on the Market in S.F. Than in 2019

Over Twice as Many Homes on the Market in S.F. Than in 2019

Despite a slowdown in the number of homes that have been newly listed for sale over the past month, the net number of homes on the market in San Francisco, a.k.a “inventory,” has increased by double digits as the pace of sales has declined even more. As such, there... Read More »

Over 570,000 Bay Area Jobs Have Been Recovered, 79K to Go

Over 570,000 Bay Area Jobs Have Been Recovered, 79K to Go

Having slipped in April, the net number of people living in San Francisco with a paycheck inched up by 1,100 in May to 556,100. As such, there are now 48,900 more employed residents in San Francisco than there were at the same time last year and 77,400 more than... Read More »

Bay Area Employment Slipped Last Month, But…

Bay Area Employment Slipped Last Month, But…

Having increased by 14,300 in the first quarter of 2022, the net number of people living in San Francisco with a paycheck ticked down by 2,900 in April to 555,100.  That being said, there are still 53,100 more employed residents in San Francisco than there were at the same... Read More »