Articles Filed Under: Breaking News

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Office Rents in Oakland Hit an All-Time High

While demand for office space in San Francisco slipped last quarter, asking rents in Oakland’s Central Business District gained 8 percent, are up 36 percent versus the same time last year and have hit an all-time high, eclipsing the previous dotcom era peak set at the end of 2000.... Read More »

Appeal Challenges Development of Oakland’s Auto Row

Appeal Challenges Development of Oakland’s Auto Row

While the plans for a seven-story Oakland development with 225 apartments over 23,000 square feet of retail space at 2400 Valdez Street were granted a key neighborhood plan-based exemption from having to complete a project specific environmental review in March, an appeal of the exemption has been filed. Leading... Read More »

50 Percent More Homes on the Market in San Francisco

Having jumped 15 percent over the past week alone, the net number of unsold homes listed for sale in San Francisco (715) is now running 56 percent higher versus the same time last year, the greatest year-over-year increase we’ve recorded since the market tanked in 2008 and the highest... Read More »

Demand for Office Space in San Francisco has Dropped

Demand for Office Space in San Francisco has Dropped

For the first time since 2010, the average asking rent for Class A office space in San Francisco’s Central Business District has declined versus the quarter before, slipping 0.9 percent to $70.64 per square foot in the first quarter of the year. That being said, including Class B space,... Read More »

Contentious Affordable Housing Site Awarded to Developers

Contentious Affordable Housing Site Awarded to Developers

Identified by the Port of San Francisco as “the greatest affordable housing development opportunity among the Port’s seawall lots in the northeastern waterfront,” but having faced neighborhood pushback over just how affordable the development should be, the City has awarded the development rights for the half-block parcel on the... Read More »

Development to Replace Rincon Hill Gas Station Slated for Approval

Development to Replace Rincon Hill Gas Station Slated for Approval

While the public hearing for the proposed 14-story development to rise on the northwest corner of First and Harrison, a prominent Rincon Hill parcel currently occupied by a Union 76 gas station, was pushed back until this afternoon, the project has just been granted an exemption from having to... Read More »

A Record 63,400 Apartments and Condos in SF’s Housing Pipeline

A Record 63,400 Apartments and Condos in SF’s Housing Pipeline

With new proposals for over 2,000 units of housing having been submitted to the City in the first quarter of 2016, there are now a record 63,400 apartments and condos in San Francisco’s housing pipeline, including 7,300 units which are currently under construction and should be ready for occupancy... Read More »

SF’s LGBTQ History Could Hinder Mid-Market Development

SF’s LGBTQ History Could Hinder Mid-Market Development

From the recently completed Citywide Historic Context Statement for Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ) History in San Francisco, which was funded by a grant from the City’s Historic Preservation Fund: “When the RedLight Abatement Act shut down the city’s brothels in 1914 and forced the sex trade... Read More »

Price Reductions for Condos in San Francisco on the Rise

While the inventory of listed condos for sale in San Francisco only ticked up one percent over the past week, with new listings outnumbering new sales by just a few, the number of condos listed for sale on the MLS is now 57 percent higher versus the same time... Read More »

Team Behind NYC’s Chelsea Market Slated to Redevelop SF’s Pier 29

Team Behind NYC’s Chelsea Market Slated to Redevelop SF’s Pier 29

The development team behind Chelsea Market in New York City, and Ponce City Market in Atlanta, submitted the highest rated proposal for the redevelopment of San Francisco’s Pier 29 and is slated to be awarded the exclusive negotiating rights for the Pier’s 20,000-square-foot Bulkhead Building which fronts the Embarcadero.... Read More »