4 ms·
Just took a cursory look at SF rents and looks like they have come down quite a bit since 2019. Seeing a ton of studios for around 1700 with 1bd's at 2300, that
by _fat_santa 4y ago
Just took a cursory look at SF rents and looks like they have come down quite a bit since 2019. Seeing a ton of studios for around 1700 with 1bd's at 2300, that's a-lot don't get me wrong but IIRC a studio was 2300 in 2019.
- yojo 4y agoMy 1 bedroom in Cole Valley was $3,500 when I left it in 2019. It was big (800sq ft) and had parking, but should give you a comp point.
- SCUSKU 4y agoI had a friend in North Beach who rented a 1BR for 1900 and was 2700 before the pandemic
- laweijfmvo 4y agoAlthough the article seems to suggest that while office vacancies are double the historical average, prices have only fallen 10% from the highs in 2020. Seems like the market hasn't accepted the shift yet.
- bombcar 4y agoCommercial properties are notorious for never wanting to lower lease/sqft rates - going so far as to do all sorts of modifications/rebuilding "for free" to keep the lease rates high (even if empty). It has to do with the valuation of the properties and not needing to get the cashflow for a VERY long time.