SocketSite brings you real estate, planning and development trends, breaking news and key metrics for San Francisco, the Bay Area, and beyond. Please feel free to contact us with tips for real estate news in your neighborhood!
Email addresses:
Administrator or Editor – admin@socketsite.com
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Tips – tips@socketsite.com
Please revert back to the previous site design that doesn’t give me a headache with all the moving pieces and clutter all over the place. You went backwards, many steps. There’s nothing good in the new design.
Please see: Limp Mode Engaged. We’re not going to waste (too much) time on the limp mode site, other than to keep it up and running while we resolve the issue(s) at hand.
Is there a difference between “Asking rents in SF are ticking up,” and “Rents in SF are ticking up”? I’ve noticed you use “asking” in such headlines, and I’ve wondered if there’s a difference in meaning.
Robert: you can look at Related Rentals’ Fifteen Fifty (i.e., 1550 Mission St.), as a straightforward example.
Last I checked, they were leasing corner-located 1 Bedroom, 1 Bathroom units for $4,300 monthly. But in order to get punters to sign a 15 month lease on a vacant market-rate unit, they are having to offer 8-Weeks Free Rent as a so-called “concession”. So the effective rent is $55.9k total over the fifteen months, and if you divide that by the duration of the lease you get almost $3,727 monthly, or a 3.3 percent decrease from the “asking rent”, for the “actual rent” being charged.
I might be a little late to the party, but it’s been 5 months since SocketSite has had any updates. Anything I can do to help?
Yes, Certainly: there are a multitude of properties from past months that have now likely sold: for each one please update with the final price, when it was first listed, and the notation that “It closed OVER asking after being offcially on the market for X days” (the latter will vary but should not be more than 4 or 5.)
Is this site still working?
Testing 1..2..3..
The mechanics of the website itself are working as you can see. However the editor’s absence leaves a dearth of interesting content. His contributions are very much missed.
Where are all the clever (and not so clever) people who followed this site? Have they moved to another site?