Leave a Message

Thank you for your message. We will be in touch with you shortly.

Blog

San Francisco 5+ Unit Apartment Buildings through Q1 2023

April 2023 Multi-Family Market Report for Residential 5+ Unit Buildings

 

San Francisco Apartment Building Market - 5+ Units

Listings Closing Sale in Quarter since 2017

 

San Francisco Apartment Building Market - 5+ Units

Listings Going into Contract in Quarter since 2018

 

San Francisco Residential Rents - Approximate, Good Faith Estimates*

Average Asking Rent, 1994 - Present, Q1 Data Points (except as noted)

 

 

Average Gross Rent Multiples

San Francisco 5+ Unit Apartment Building Sales

 

Average Cap Rates

San Francisco 5+ Unit Apartment Building Sales

 

Average Price per Unit 

San Francisco 5+ Unit Apartment Building Sales

 

 

San Francisco 5+ Unit Apartment Building Sales

Average Dollar per Square Foot Values

 

Percentage of Listings Accepting Offers in Quarter (Absorption Rate)

San Francisco 5+ Unit, Multi-Family Building Market Dynamics

 

San Francisco Apartment Building Market - 5+ Units

Active Listings Listed for Sale at End of Month

 

5+ Unit Multi-Family Building Markets

12 Months Sales by San Francisco Realtor District 

 

Multi-Unit Residential Property Sales, 5+ Units

12 Months Sales by San Francisco Realtor District*

 

San Francisco 5+ Unit Apartment Building Sales

12 Months Sales by Price Segment*

 

San Francisco Unemployment Rates

2019-2023 YTD, per CA Employment Development Department

The San Francisco unemployment rate has ticked up in recent months, though remaining quite low. High-tech layoffs in recent months area a concern for rental market dynamics, especially in the downtown area.

 

San Francisco Employment Trends 

Number of Employed Residents since 2000

 

Employment Numbers by Month

January 2000 to February 2023

According to EDD, employment numbers have mostly recovered from the spring 2020 plunge, but still remain down by approximately 16,000.

 

San Francisco Population Trends since 2010

CA Department of Finance Estimates, July 1st to July 1st

 

San Francisco Apartment Building Sales

By Broker, 5+ Unit Residential Sales, 2020-2022*

 

 

 

 

 

 

 

Note that the quantity of sales in any given local submarket is usually relatively small and/or the number of sales that report the necessary financial information can be limited. Buildings of different ages, qualities and sizes selling in different periods can cause these average and median figures to fluctuate significantly. Furthermore, the reliability of some of these calculations depends upon the quality of the income and expense figures provided by the listing agents, and sometimes instead of actual members, much less meaningful projected or scheduled figures are used. Late reported listings and sales may change these statistics. Therefore, the above statistics should be considered very general indicators, and how they apply to any particular property without a specific comparative market analysis is unknown.

These analyses were made in good faith with data from sources deemed reliable, but they may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate. Numbers may change with late-reported sales activity.

 

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. Al opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

 

Work With Hanna John

During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
Contact