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.
