AI companies push San Francisco office leasing to pandemic-era high
Annual new leasing volume increased by 50%
Demand for office space in San Francisco continued to rise in the third quarter of 2024, giving beleaguered landlords hope that the city’s fortunes may be regaining some luster.
Average apartment rents fall in California's East Bay, luring renters
New supply in Downtown Oakland brings attractive deals for renters
Multifamily rents in California’s East Bay continued to track downward in October, with the average reaching $2,420 per unit, a 0.6% reduction from this time last year.
East Bay leads the way as Bay Area’s multifamily markets see growing demand
Total absorption tops 10,000 units, the highest in two years
The Bay Area’s multifamily markets are enjoying a steady growth in demand, with annual net absorption topping 10,000 units for the first time since 2022.
With rent control on California's ballots, here's a look at where apartment rent growth is headed
Increases are tepid across the state
California voters are heading to the polls in November, and among the many decisions they will make is determining the future of rent control across the state. This will mark the t...
Low prices for San Francisco apartment buildings tempt buyers
Sales volume increases as the average price drops to levels seen 10 years ago
Investment activity for multifamily properties in the city of San Francisco has increased as average prices fall to a level last seen in 2013.
As San Francisco sees modest job growth, the region's commercial real estate responds
Layoffs in tech and life science counter gains in other sectors
After more than a year of net job losses, San Francisco turned the corner in the second half of 2024 with positive annual job gains in July and August, offering some insight into w...
Over the summer, San Jose apartment rents maintained solid growth
Silicon Valley region one of the better-performing apartment markets nationally
Average rents in San Jose’s multifamily market continued their robust growth trend through the summer of 2024, with the annual growth rate hovering just under 3%.
San Francisco’s retail market is still waiting for a turnaround
Availability in the city has increased as leasing remains low
September’s reduction in interest rates has given retailers nationwide some optimism heading into the holiday season. However, San Francisco’s retail real estate market is still wa...
As layoffs continue, San Jose's office market recovery halts
The market in California's Silicon Valley has yet to see San Francisco’s improved performance
Office leasing in San Jose, California, continues to trend downwards, leaving the number of new leases signed in the past year at its lowest since 2021. In nearby San Francisco, ho...
As San Francisco's flex availability increases, developers hit the brakes
Flex tenant move-outs continue to push vacancies up
As developers construct more flex space in San Francisco, available space is quickly outpacing demand.
California’s multifamily markets buck the national trend
Diverging market conditions across the state create challenges and opportunities
Buffeted by the diverse impacts of the COVID-19 pandemic lockdowns, stimulus funds, inflation and rising interest rates, the apartment sector has had a tumultuous time in the past ...
The volume of new industrial leases increases in San Jose, California
But new leasing activity remains below the 10-year average
In the first half of 2024, tenants leased just under 3 million square feet of new industrial space in San Jose. The uptick was a 20% increase over the amount leased in the Californ...
Listing prices for multifamily properties in San Francisco fall to a decade-low
The number of buildings listed for sale falls from the 2023 peak
The average listing price for multifamily investment properties in San Francisco is at its lowest in over 10 years.
After Over a Year of Job Losses, a California City Sees Gains
Changing Employment in San Jose Heralds Opportunities and Challenges for Commercial Real Estate
San Jose, California, increased its annual employment gains in July, continuing the nascent recovery after more than a year of net job losses. However, the continued layoffs in som...
San Francisco Apartment Rents See Further Gains
Average Rents Now 1% Above 2023 Peak
San Francisco continued its trend for solid gains in apartment rents in the second quarter of 2024, clocking month-over-month rent gains for four straight months.
Commercial Real Estate Values in San Francisco Keep Tumbling
Appraised Values Fall Between 20% and 80% for Properties Securing Distressed CMBS Loans
Challenging economic conditions have caused commercial real estate prices to fall nationwide, with some of the largest declines happening in San Francisco.
Office Demand in San Francisco Shows Promising Increases
Current Situation Matches Pace of Great Recession Recovery, But Market Is Smaller
The San Francisco office market continues to show signs of recovery. After a dismal 2023, the first half of 2024 saw increased tenant demand, with more tenants signing new — and la...
San Francisco Construction Activity Pivots As Developers Face Economic Change
Retail and Office Construction Drops, Industrial Grows As Demand Shifts From Physical to Digital
The amount of commercial real estate under construction in San Francisco has slowed to its lowest level in 10 years.
San Jose Multifamily Rents Catch Up With Those in San Francisco
The Average Monthly Rent in the California City Is 7.4% Above 2019 Level
The average rent cost for an apartment in San Jose, California, is now equal to that in neighboring San Francisco. Strong growth in the first half of 2024 pushed the average rent a...
Owner-Occupiers and Opportunistic Buyers Raise Sales Volume in San Jose, California
Quarterly Sales Hit Highest Total Since 2022
Opportunistic acquisition activity by owner-occupiers and private investors pushed the quarterly commercial real estate sales volume in San Jose, California, above $1 billion for t...