Articles Recently Tagged: COVID-19

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Bay Area Employment Still Down by 400K, Labor Force Dropping

Bay Area Employment Still Down by 400K, Labor Force Dropping

While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an unemployment rate of 8.8 percent (versus 9.4 percent at the height of the Great Recession). As such, while employment... Read More »

Wave of Small Business Evictions on the Horizon

Wave of Small Business Evictions on the Horizon

Governed by state law, local governments normally can’t exert control over commercial leases. But having been enabled by an Executive Order issued by Governor Newsom back in March (N-28-20), and then extended in June, San Francisco was able to enact an eviction moratorium for small and medium-sized businesses (defined... Read More »

Short-Term Rental Restrictions Will Be Lifted Monday [UPDATED]

In addition to allowing salons, barber shops, gyms, and massage/tattoo parlors to reopen with limited capacities on Monday, September 14, restrictions on (registered) short-term rentals and hotels in San Francisco will be lifted as well. Indoor museums, zoos, and aquariums that have implemented a health and safety plan will... Read More »

Mid-Market Infill Hotel Slated for Approval, Demand Questioned

Mid-Market Infill Hotel Slated for Approval, Demand Questioned

As we outlined back in July: The refined plans for a 12-story hotel and office building to finally rise upon the long-vacant lot at 1125 Market Street, upon which the former Bell/American/Embassy Theater once stood adjacent to the newly renovated Strand, are one big step closer to reality, with... Read More »

Local Unemployment Claims Tick Up

Local Unemployment Claims Tick Up

While the unemployment rate in San Francisco declined in July, the number of San Francisco residents that filed a new/initial unemployment claim last month actually ticked up 5.3 percent to 25,354, reversing a two month run in which the number of new claims had either dropped or held. And... 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 »

Bay Area Employment up by 63K in July, Down 440K YOY

Bay Area Employment up by 63K in July, Down 440K YOY

While the number of San Francisco residents with a job increased by 12,400 last month, there are still 66,900 fewer employed people in the city (511,200) than there were prior to the pandemic (578,100) and 62,400 fewer than at the same time last year (573,600) with an unemployment rate... Read More »

Pending Home Sales Up 30 Percent in San Francisco, But…

Having bottomed out at the end of April, at which point they were down nearly 50 percent on a year-over-year basis, the number of homes in contract to be sold started to rebound in May; turned positive, on a year-over-year basis, back in June; and were up sharply in... Read More »

Industry Group Appeals Tenant Protection Ordinance Ruling

Industry Group Appeals Tenant Protection Ordinance Ruling

Having been denied by a San Francisco Superior Court Judge last week, the San Francisco Apartment Association, San Francisco Association of Realtors, Coalition for Better Housing, and Small Property Owners of San Francisco Institute have just filed an appeal of the judge’s ruling that upheld San Francisco’s COVID-19 Tenant... Read More »

Local Unemployment Claims Inch Up

Local Unemployment Claims Inch Up

Having dropped by nearly 60 percent in May, the number of San Francisco residents that filed a new/initial unemployment claim was effectively unchanged at 24,256 in June (versus having averaged closer to 5,000 a month since the end of the Great Recession, during which monthly filings never crossed the... Read More »