San Francisco's property market is experiencing significant changes with office rents on California Street falling by 31%. The market reflects a modern feudalism scenario with thousands of empty apartments and units while rent prices remain high. However, new building owners are acquiring premier real estate at discounted prices, benefiting tenants. In contrast, Santa Monica's Third Street Promenade faces a crisis with a 25% retail vacancy rate. On the positive side, Jackson Square emerges as the hottest real estate market in San Francisco, attracting wealthy investors and experiencing a shift in the city's downtown center.
Kind of a cool downtown San Francisco condo for sale (not in the super sketch part of downtown, as far as I know) Purchased in 2017 for $859k Now listed for $669k Maybe a deal worth checking out if you’re a downtown kinda guy or gal? https://t.co/isTsJ5qhNl
San Francisco one bedroom condo sale in the Richmond District (Lake Street) Listed at $950k Sold for $1.15M https://t.co/XjmRtaRqRk
Pleasanton Corporate Commons trades hands for $150 million - San Francisco Business Times https://t.co/k7S8Dz1Xer
Big East Bay apartment complex is bought for more than $50 million https://t.co/bF2xdPqsI7
The city’s Jackson Square neighborhood, a small, historic office district on the doorstep of the pyramid that is known for its vintage buildings and as the place where affluence meets creativity, is thriving. https://t.co/5BPw55PZjb
SF's affluent Jackson Square is city's hottest real estate market https://t.co/Id6heXgK24
The affluent San Francisco neighborhood of Jackson Square has become the city’s hottest real estate market. https://t.co/GGVLlBWPHi
Retail vacancy hits 25% on Santa Monica’s Third Street Promenade https://t.co/PSW8wB4b6b
NEW: Jackson Square’s momentum has more than a few wondering if the gravitational center of #SanFrancisco's downtown has shifted north, at least temporarily, to an area with a more residential vibe that’s favored by wealthy investors. @sfchronicle https://t.co/Ye0ASjr2gg
JUST IN: Washington DC's Gallery Place (next to Capital One Arena) is expected to sell at a shocking 83% discount to its assessed value The Buyer, MRP Realty, has agreed to acquire the property for $39M The property's 2025 assessed value is $225.7M The city’s budget over the… https://t.co/8SKs3040NQ
San Francisco flip for sale in the Sunset District Purchased 7 months ago for $1.3MM Now listed at $2.888MM https://t.co/731Gcxp9yL
At San Francisco's famed California Street, a new wave of building owners are acquiring premier real estate at a discounted price—and passing savings onto tenants who otherwise would have been priced out. https://t.co/Reekd1mV7w
JUST IN: Another San Francisco office building sells at a massive 50%+ 'discount' 300 California St sold for $28.5M or $240 per sq ft The Seller, Richard LeFrak acquired it for $58M, or $485 per sq ft, in 2014 The building is one of several along California Street that has… https://t.co/qwppW9Th53
Santa Monica’s Third Street Promenade is in crisis, and it's time to call out the excuses and demand action. SF Chronicle article "Shocking: The fall of the once-vibrant Third Street Promenade" lays out a laundry list of excuses for why our beloved promenade is failing. Here’s… https://t.co/hPfk2tBV9g
Lower the damn rent or start building skyscrapers in the sunset. Either way, the San Francisco property cabal must come to an end. They can’t keep fucking us with rent prices and everywhere else is literally an apocalypse.
San Francisco, where thousands of empty apartments and thousands of empty units collect dust but rent prices for some reason still defy logic and increase when there is literally every reason for the rent prices to lower. All the while, 4,000+ people have died and are dying in…
San Francisco's property market is a perfect example of modern feudalism. The societal hierarchy is blatant. Thousands of empty apartments and thousands of vacant units sit idle gathering dust while r there are tents everywhere, businesses flee and people die on the streets.…
Office rents on San Francisco’s California Street fall 31% https://t.co/J2HsWOLR1E