CFAH

Rents in San Francisco Are Up 10 Percent

Rents in San Francisco Are Up 10 Percent

Despite some recent misreports to the contrary, apartment rents in San Francisco have not risen 18 percent since the start of the year. The weighted average asking rent for an apartment in the city has rebounded around 10 percent from its pandemic-era low last quarter, however, including a 1... Read More »

Conversion of Iconic Building Even Closer to Reality

Conversion of Iconic Building Even Closer to Reality

As we outlined earlier this year: The plans for redeveloping the iconic I. Magnin/Macy’s Building on the southwest corner of Geary and Stockton, across from Union Square, have been refined and newly rendered by Handel Architects. While the top three floors of the building are still envisioned to be... Read More »

Approved But Not Permitted and a Couple of Familiar Names

Approved But Not Permitted and a Couple of Familiar Names

Plans to add a new Accessory Dwelling Unit (ADU) to the four-unit Noe Valley building at 1475 Church Street were drawn and approved back in mid-2018. And the completed work was then inspected and approved by a Department of Building Inspection (DBI) inspector in March of 2019. Following the... Read More »

Plans for Development of Key SoMa Site Closer to Reality

Plans for Development of Key SoMa Site Closer to Reality

In exchange for the additional height and density afforded by San Francisco’s Central SoMa Plan, new office developments in the area are required to incorporate ground floor Privately‐Owned Public Open Spaces (POPOS) which are easily accessible, including on weekends and evenings, and “open to the sky.” And with that... Read More »

Refined Plans for Modern Buddhist Temple Slated for Approval

Refined Plans for Modern Buddhist Temple Slated for Approval

Having been on hold over the past few years, the refined plans for a modern six-story temple to rise on the American Buddhist Cultural Society’s office and bookstore building parcel at 1750 Van Ness Avenue could be approved next week. In addition to a main shrine hall and meditation... Read More »

Apples-to-Apples Versus The Index for a Luxury Two-Bedroom

Apples-to-Apples Versus The Index for a Luxury Two-Bedroom

Purchased for $1.945 million in April of 2018, the two-bedroom, two-bath unit #27B in the Lumina tower at 201 Folsom Street, which “exemplifies urban luxury,” with high-end finishes and city views, returned to the market listed for $2.099 million in February of 2019. Subsequently reduced to $1.999 million while... Read More »

Index for Bay Area House Values Up 22.1 Percent YOY

Index for Bay Area House Values Up 22.1 Percent YOY

Having ticked up 2.6 percent in May, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up another 2.6 percent in June and is now up 21.9 percent on a year-over-year... Read More »

Approved Grubstake Redevelopment Challenged Anew

Approved Grubstake Redevelopment Challenged Anew

In the works since mid-2015, as we first reported at the time, San Francisco’s Planning Commission approved the bonus-sized plans for a modern 8-story building to rise up to 83 feet on the historic Grubstake site last month, a site which is principally zoned for development up to 65... Read More »

Pending Home Sales Drop, Inventory Ticking Up

Pending Home Sales Drop, Inventory Ticking Up

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »

Bonus Plans for a 58-Story Tower to Rise Right Here

Bonus Plans for a 58-Story Tower to Rise Right Here

Plans for a 58-story tower to rise up to 575 feet in height on the South of Market parcel at 620 Folsom Street, upon which a three-story, 43-foot-tall office building currently sits, have been drafted and massed by SCB below, along with a placeholder for the approved 42-story development... Read More »