San Francisco Multi-Unit Market Update | Q2 2021

July 26, 2021

SAN FRANCISCO MARKET UPDATE |Q2 2021

The multi-family segment of the market continued to rebound during the second quarter with the waning of the pandemic. Sales numbers are up considerably across both 2-4 unit buildings and 5+. The large, pandemic-induced decline in rent rates has begun to reverse, and rents are once-again climbing since the beginning of the year. Median sale prices recorded lower across both segments, though the median price per square foot for 2-4 unit buildings ticked up 1.6 percent.