San Francisco Multi-Unit Market Update | Q4 2021

January 12, 2022

SAN FRANCISCO MARKET UPDATE | Q4 2021

The multifamily segment of the market rebounded in 2021. Sales numbers of 2-4 unit apartment buildings are comparable to the height of the 2014 peak.

The population in San Francisco has declined by about 2% since 2019, however employment numbers continued to recover in 2021. Rents also rebounded from the pandemic-induced crash, but remain significantly less than pre-pandemic levels.