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Articles Recently Tagged: Vacancy Rates

(35 posts)
Studio Rents Just Dropped to 2011-Era Levels in San Francisco

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

For the first time since 2011, the average asking rent for a studio apartment in San Francisco has slipped below $2,000 a month, which is down nearly 25 percent since the end of February and over 30 percent below the market’s peak in 2015, driven by a sharp increase... Read More »

Vacancy Rates Climb in San Francisco

Vacancy Rates Climb in San Francisco

While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had ticked up to around 6 percent in the second quarter of the year, representing around 9,000 vacant units as of the end of June, said rate was approaching 9 percent based on a review of 3,000... Read More »

Belden Lane Landmark on the Market

Belden Lane Landmark on the Market

Cafe Bastille, which opened back in 1990, was the first restaurant on Belden Place and led the revolution of the lane. And while the restaurant is offering outdoor dining and curbside pickup, and has 10 years left on a favorable, non-triple net, lease, it’s also quietly on the market... Read More »

Visualizing the Vacant Office Space in San Francisco

Visualizing the Vacant Office Space in San Francisco

As we noted last week, there is nearly 12 million square feet of vacant office space now spread across San Francisco, including 5.6 million square feet of un-leased space and 6.2 million square feet of space which has been leased but is now sitting vacant and actively seeking a... Read More »

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 »

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

As in San Francisco, the vacancy rate for East Bay office space has just ticked back over 14 percent, which includes 3.6 million square feet of un-leased space along with nearly a million square feet which has been leased but is sitting vacant and actively seeking a subletter, which... Read More »

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

In addition to 5.6 million square feet of directly vacant, un-leased office space spread across the city, which is up from around 3.7 million square feet of un-leased space at the same time last year, there is now 6.2 million square feet of office space in San Francisco which... 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 »

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 »