San Francisco Multi-Unit Market Update | Q3 2021

October 21, 2021

SAN FRANCISCO MARKET UPDATE | Q3 2021

There was substantial growth among key metrics for the multi-unit segment of the market last quarter. Both 2-4 unit and 5+ unit buildings recorded higher numbers than last year for median sale price, price per square foot, and price per unit. Additionally, the number of recorded sales has also roughly doubled among both the 2-4 and 5+ unit sectors.

Rents continue to rebound from the pandemic induced decline, though still well below pre-pandemic levels. Office occupancy remains low, and the state-wide eviction moratorium has expired, though certain protections continue.