In 2011, less than a hundred market rate housing units came to the market in San Francisco. Including subsidized housing and accounting for units lost through demolition, merger or the like, a total of only 269 housing units were produced.
Today, there are over 3,930 new housing units under construction in San Francisco, most of which are market rate and a couple thousand of which will hit the market over the next year, numbers which shouldn’t catch any plugged-in people by surprise.
Building permits for another 2,700 units having been approved with permits for 2,870 units requested, a total of over 5,500 mroe housing units which should start hitting the market in two to four years.
Another 28,010 housing units have been approved to be built by Planning which includes 10,500 units by Candlestick, 7,800 units on Treasure Island and 5,680 units in Park-Merced, projects which still have timelines measured in decades, not years.
With plans for an additional 6,080 housing units on the boards, San Francisco’s total Housing Pipeline currently totals 43,580 units. For context, a total of 10,438 housing units have been constructed in San Francisco since 2007, a total of 24,519 new units since 2000.
With respect to the pipeline of commercial development in San Francisco: 830,000 square feet are under construction; building permits for 963,000 square feet have been issued; building permits for another 2,546,000 square feet have been requested; and another 5,828,000 square feet of commercial development has been approved.
The latest San Francisco Pipeline Report which includes a breakdown of all the development by neighborhood:
∙ San Francisco’s Housing Pipeline: 4,200 New Units On The Way [SocketSite]
∙ San Francisco’s Total Housing Inventory And Pipeline Report [SocketSite]
∙ Is A Lack Of Density Cooking San Francisco’s Golden Tech Goose? [SocketSite]
∙ Hunters Point Redevelopment Plan For 10,500 New Units Approved! [SocketSite]
∙ Treasure Island Redevelopment Plans Approved! (Appeal Rejected) [SocketSite]
∙ The Parkmerced Thirty Year Plan: Public Scoping Meeting Tonight [SocketSite]