Asking Rents Tick up in Oakland, Slip in San Francisco

Asking Rents Tick up in Oakland, Slip in San Francisco

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, slipped another (1) percent over the past month with a bit of seasonality in play and now measures around $4,250 per month having peaked at around $4,450 per... Read More »

Pace of New Home Sales in the U.S. Slips, Median Price Drops

Having rebounded a downwardly revised 5.4 percent in August, the pace of new single-family home sales in the U.S. slipped 0.7 percent in September to a seasonally adjusted rate of 701,000 sales but remains 15.5 percent higher than at the same time last year. At the same time, the... Read More »

Mortgage Rates Tick Up, Rate Cut Nearly Certain

Mortgage Rates Tick Up, Rate Cut Nearly Certain

Having jumped 12 basis points last week, the average rate for a 30-year mortgage has since ticked up another 6 basis points and now measures 3.75 percent. That being said, the average 30-year rate remains 111 basis points (1.11 percentage points) below its mark at the same time last... Read More »

Competition for an Office Space Allocation in SF is Heating Up

Competition for an Office Space Allocation in SF is Heating Up

With over 2 million square feet of new office development having recently been approved and granted a coveted allocation from San Francisco’s bank of allowable “Large Cap” office development, the Proposition M limited pool to which 875,000 square feet of allocable space is added every October now totals 896,752 square... Read More »

Apples-to-Apples on the Edge of Pacific Heights

Apples-to-Apples on the Edge of Pacific Heights

Set back from street with a protected rear deck, “ideal for everyday living & entertaining,” the 1,463-square-foot, top floor condo at 2243 Franklin Street, on the edge of Pacific Heights, was purchased for $1.950 million in February of 2016. Offering “old world San Francisco charm with today’s modern amenities,” the... Read More »

Home Sales in San Francisco Poised to Drop, Again

Having dropped 9.0 percent on a year-over-year basis in August, recorded home sales in San Francisco are poised to drop again in September. And that’s despite the fact that September home sales in San Francisco were the lowest in over 15 years in 2018. In fact, if recorded sales... Read More »

Office Vacancy Rate in Oakland Ticks Up, But…

Office Vacancy Rate in Oakland Ticks Up, But…

The vacancy rate for East Bay office space around Oakland has ticked up from 9.5 percent at the beginning of the year to 11.9 percent today, driven by the delivery of 600,000 square feet of new space at 601 City Center in Downtown Oakland, half of which was pre-leased... Read More »

Pace of Existing Home Sales in the U.S. Drops

Pace of Existing Home Sales in the U.S. Drops

Having ticked up 1.3 percent in August, the seasonally adjusted pace of existing-home sales across the U.S. dropped 2.2 percent in September to an annual rate of 5.38 million sales but remains 3.9 percent above its mark at the same time last year, according to the National Association of... Read More »

More Time for Banked Trendyloin Entitlement Now Being Sought

More Time for Banked Trendyloin Entitlement Now Being Sought

As we outlined back in the third quarter of 2017: Purchased as an un-entitled Tenderloin parcel for $1.6 million , plans for an eight-story, market-rate building with 23 sub-500-square-foot residential units to rise on the 430 Eddy Street site were approved by the City... Read More »

New Plans for Landmark Sentinel Building Have Been Drawn

New Plans for Landmark Sentinel Building Have Been Drawn

Finished in 1907, having been under construction during the great quake of 1906, the now landmark Columbus Tower/Sentinel Building at 916 Kearny Street was purchased by Francis Ford Coppola in the early 70s and is currently configured as six floors of office/film studio space over the ground floor Café... Read More »