{"id":3545,"date":"2022-03-08T14:45:27","date_gmt":"2022-03-08T14:45:27","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3545"},"modified":"2023-09-21T06:48:47","modified_gmt":"2023-09-21T06:48:47","slug":"san-francisco-housing-market-trends-february-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/","title":{"rendered":"San Francisco Housing Market Trends (February 2022)"},"content":{"rendered":"\n

Demand Boosts Occupancy<\/h2>\n\n\n\n

San Francisco\u2019s multifamily market made great strides in 2021, although there are still hurdles to overcome<\/a><\/strong>. Rents rose by just 0.1%<\/strong> on a trailing three-month basis through December, to $2,647, but the softening mirrors the national trend during winter. The occupancy rate in stabilized properties paints the picture of a market with an improving demand for rentals, rising by 200 basis points in the 12 months ending in November, to 94.6%.<\/p>\n\n\n\n

The unemployment rate gained 240 basis points in 2021<\/strong> through November when it dropped to 3.8%, faring better than both the state (6.9%) and national (4.2%) rates, according to data from the Bureau of Labor Statistics. The job market expanded by 5.0% in the 12 months ending in October, trailing the nation by 30 basis points. Of the 122,000 positions gained during the period, leisure and hospitality accounted for nearly half (53,100 jobs), but uncertainty persists. Professional and business services added 41,900 jobs and continues to sustain the economy as large employers are adjusting to current conditions.<\/p>\n\n\n\n

Develope<\/strong>rs<\/strong> delivered an all-time high of 8,425 units in 2021<\/strong> and had another 22,175 units under construction. Transaction activity also picked up, surpassing $2.6 billion for the year, and the per-unit price rose 13.7%, to $413,709.<\/p>\n\n\n\n

Read the full Matrix Multifamily San Francisco Report-February 2022<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Demand Boosts Occupancy San Francisco\u2019s multifamily market made great strides in 2021, although there are still hurdles to overcome. Rents rose by just 0.1% on a trailing three-month basis through December, to $2,647, but the softening mirrors the national trend during winter. The occupancy rate in stabilized properties paints the picture of a market with […]<\/p>\n","protected":false},"author":650,"featured_media":3546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[444,430],"class_list":["post-3545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2022","tag-san-francisco"],"yoast_head":"\nSan Francisco Housing Market Trends (February 2022) - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"San Francisco\u2019s occupancy rate rose 2 percent in the 12 months ending in November, to 94.6 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Francisco Housing Market Trends (February 2022)\" \/>\n<meta property=\"og:description\" content=\"San Francisco\u2019s occupancy rate rose 2 percent in the 12 months ending in November, to 94.6 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-08T14:45:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T06:48:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Francisco Housing Market Trends (February 2022) - Yardi Matrix Blog","description":"San Francisco\u2019s occupancy rate rose 2 percent in the 12 months ending in November, to 94.6 percent.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/","og_locale":"en_US","og_type":"article","og_title":"San Francisco Housing Market Trends (February 2022)","og_description":"San Francisco\u2019s occupancy rate rose 2 percent in the 12 months ending in November, to 94.6 percent.","og_url":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-03-08T14:45:27+00:00","article_modified_time":"2023-09-21T06:48:47+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"San Francisco Housing Market Trends (February 2022)","datePublished":"2022-03-08T14:45:27+00:00","dateModified":"2023-09-21T06:48:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/"},"wordCount":199,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg","keywords":["Multifamily Outlook 2022","San Francisco"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/","url":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/","name":"San Francisco Housing Market Trends (February 2022) - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg","datePublished":"2022-03-08T14:45:27+00:00","dateModified":"2023-09-21T06:48:47+00:00","description":"San Francisco\u2019s occupancy rate rose 2 percent in the 12 months ending in November, to 94.6 percent.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg","width":1200,"height":628,"caption":"Image by JasonDoiy\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-housing-market-trends-february-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"San Francisco Housing Market Trends (February 2022)"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/03\/San-Francisco-iStock-1364264653.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=3545"}],"version-history":[{"count":3,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3545\/revisions"}],"predecessor-version":[{"id":6449,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3545\/revisions\/6449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/3546"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=3545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=3545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=3545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}