Bay Area Unemployment Rate Drops with Labor Force Decline
Based on employment data through the second week of May, the estimated number of San Francisco residents with a paycheck has dropped by over 92,000 over the past three months…
Impact of Modern Infill Development Challenged
The “necessary, desirable, and compatible” plans for a decidedly modern infill development of four little single-family dwellings to rise up to 20 feet in height on the undeveloped “flag lot”…
Benchmark Mortgage Rate Drops to a New All-Time Low
As we noted last week, while the average rate for a benchmark 30-year mortgage had inched up to 3.21 percent, there weren’t any hikes on the horizon. And in fact,…
Waylaid RFP for Temporary Terminal Site About to Be Released
Waylaid by the emergency closure and required fix of San Francisco’s new Salesforce/Transbay Transit Center, a refined request for proposals (RFP) to build around 250 units of below market rate…
Another Prominent Gas Station Site in Play, But…
With building permits for the approved six-story, 186-unit development to rise on the Divisadero Touchless Carwash site next door having been requested and triaged, the 12,000-square-foot ARCO station site on…
Most Homes on the Market in San Francisco in Nine Years
While the number of homes newly listed for sale in San Francisco having outpaced the number of purchase contracts that were inked for the ninth week in a row, there…
Complimentary Rent on the Rise in San Francisco
As we highlighted last month: Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco has…
Appreciation for a Large Bernal Heights Home
As we outlined early last month: Having very briefly held the title of the most expensive reported home sale in the history of Bernal Heights when it sold for $2,310,000…
Number of Homes in Contract in S.F. Nearly Even YOY, But…
With purchase activity having started to rebound last month, the number of homes in contract to be sold across San Francisco is now back to within 5 percent of its…
Modified Plans for Condoless Hotel Tower Closer to Reality
While plans for a luxury hotel and condo tower designed by Renzo Piano Building Workshop and Mark Cavagnero Associates were previously approved and permitted to rise up to 405-feet in…