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San Francisco Rental Market Update - November 2010
San Francisco Rental Market Update - November 2010 - Joanne Fazzio - J.Wavro Associates
November, 2010, has been very active for residential rentals in San Francisco, CA.
There is activity on everything from a Junior 1 bedroom in the Civic Center district for $1195 a month to a penthouse at the Watermark for $7500 a month. There is good traffic for any unit that is priced properly.
The trend for rentals in San Francisco, I believe, will continue to be active as new start ups are being funded and hiring. In addition, large companies like UCSF, Genentech and Google are hiring as well. People desire to live in SF whether they work in the City or commute to Silicon Valley or the Peninsula.
Whether it is a 1 bedroom with a den in the SOMA (South of Market) area, or a 2 bedroom with a sunroom in the Inner Richmond, there is activity – people are looking at moving into the City from other parts of the country and they are moving around within the City. Some people are downsizing and some people need a large place as their family grows.
Many people are renting their homes and condos that are ... more

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