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Articles Recently Tagged: COVID-19

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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 »

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 »

Bay Area Employment Within 3 Percent of Pre-Pandemic Count

Bay Area Employment Within 3 Percent of Pre-Pandemic Count

Having increased by a (downwardly revised) 8,100 in February, the net number of people living in San Francisco with a paycheck increased by 6,800 in March to 557,600, representing 52,600 more employed residents in the city than there were in March of last year and 78,900 more than in... Read More »

Rents Tick Up in San Francisco, Still Well Below Peak

Rents Tick Up in San Francisco, Still Well Below Peak

Having slipped around 2 percent in February, the weighted average asking rent for an apartment in San Francisco ticked back up around 2 percent in March to $3,400 month, which was 11 percent higher than at the same time last year. That being said, the average asking rent in... Read More »

Bay Area Employment Back to 96 Percent of Pre-Pandemic Count

Bay Area Employment Back to 96 Percent of Pre-Pandemic Count

Having been downwardly revised, the net number of people living in San Francisco with a paycheck actually slipped by a thousand in January but then rebounded by 8,500 in February to 551,200, representing 48,400 more employed residents in the city than there were in February of last year and... Read More »

Bay Area Unemployment Claims Near Pre-Pandemic Levels

Bay Area Unemployment Claims Near Pre-Pandemic Levels

While the number of new unemployment claims filed across the Bay Area inched up in January to 36,803, which was still 24 percent higher than in January of 2020, prior to the pandemic having hit the local economy, the number of new claims filed in February dropped to 26,414,... Read More »

Bay Area Employment Slipped in January

Bay Area Employment Slipped in January

Having increased by an upwardly revised 3,400 in December, the net number of people living in San Francisco with a paycheck ticked up by 1,100 in January to (a downwardly revised) 544,800.  But with an upwardly revised 564,200 people in the labor force, the local unemployment rate inched up... Read More »

Asking Rents in S.F. Slip, Listings Drop to Pre-Pandemic Levels

Asking Rents in S.F. Slip, Listings Drop to Pre-Pandemic Levels

Having ticked up in January, the weighted average asking rent for an apartment in San Francisco slipped around 2 percent in February to $3,340 month, which is roughly 6 percent higher than at the same time last year but still 19 percent ($760) lower than prior to the pandemic... Read More »

The Re-Opening of San Francisco’s Economy, February Report

The Re-Opening of San Francisco’s Economy, February Report

Having dropped back under 20 percent in January, driven by the Omicron surge, the weekly attendance rate for office workers in San Francisco, which was nearing 30 percent in mid-December, has since ticked back up to around 25 percent, according to the City’s latest Re-Opening report. At the same... Read More »

Omicron’s Impact on the Reopening of San Francisco

Omicron’s Impact on the Reopening of San Francisco

While muddled by a typical holiday slowdown at the end of the year, the impact of the Omicron variant on return to office plans (as measured by office attendance, which dropped back under 20 percent) and tourism in San Francisco (as measured by hotel occupancy, which dropped back under... Read More »