{"id":9719,"date":"2025-08-05T08:58:00","date_gmt":"2025-08-05T08:58:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9719"},"modified":"2025-12-04T09:07:04","modified_gmt":"2025-12-04T09:07:04","slug":"san-francisco-multifamily-market-report-july-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-francisco-multifamily-market-report-july-2025\/","title":{"rendered":"San Francisco Multifamily Market Report \u2013 July 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/san-francisco-multifamily-market-report\/\">San Francisco Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rent Recovery on Track, Supply Winds Down<\/h2>\n<p>The San Francisco multifamily market neared the end of the second quarter with mixed results, with some fundamentals pointing to a potential recovery amid wider economic uncertainty, according to the latest San Francisco multifamily market report. Average advertised asking rents were up 0.5%, on a trailing three-month basis through May, to an average of $2,880, outpacing the national figure by 20 basis points. Rent development continued its recovery after last year\u2019s contractions. The supply surge recorded in 2024 did not impact the metro\u2019s overall occupancy, which ticked up 10 basis points year-over-year, to 95.4% as of April. The rate was 100 basis points higher than the national average, as noted in the\u00a0<strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report\/\">U.S. multifamily market report<\/a><\/strong>.<\/p>\n<p><iframe id=\"datawrapper-chart-ndX5P\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Francisco vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/ndX5P\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Unemployment in the metro stood at 3.9% in April, with only a 10-basis-point downtick from December last year, according to preliminary data from the Bureau of Labor Statistics. Job growth did not improve, with the year-over-year figure down 0.5% as of March. Over the 12-month period ending in March, the metro recorded a net loss of 18,900 jobs. Only two sectors recorded a net positive performance: education and health services, which added 16,600 positions, and government, which gained 2,800 jobs.<\/p>\n<p><iframe id=\"datawrapper-chart-xJti4\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Francisco Employment Share by Sector  \" src=\"https:\/\/datawrapper.dwcdn.net\/xJti4\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Development activity slowed down but moved closer to historic averages, with just 1,430 units, or 0.5% of existing stock, added in the first five months of the year. A total of 12,255 units were under construction in May, while an additional 130,000 units were in the planning and permitting stages.<\/p>\n<p>Read the full Yardi Matrix San Francisco Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7521-MatrixMultifamilySanFranciscoReport-July2025\"><strong>July 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rent Recovery on Track, Supply Winds Down The San Francisco multifamily market neared the end of the second quarter with mixed results, with some fundamentals pointing to a potential recovery amid wider economic uncertainty, according to the latest San Francisco multifamily market report. Average advertised asking rents were up 0.5%, on a trailing three-month basis [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,430],"class_list":["post-9719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-san-francisco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Francisco Multifamily Market Report \u2013 July 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"San Francisco\u2019s average advertised asking rent grew 0.5 percent on a T3 basis through May, to $2,880, 20 bps above the U.S. average.\" \/>\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-multifamily-market-report-july-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Francisco Multifamily Market Report \u2013 July 2025\" \/>\n<meta property=\"og:description\" content=\"San Francisco\u2019s average advertised asking rent grew 0.5 percent on a T3 basis through May, to $2,880, 20 bps above the U.S. average.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-francisco-multifamily-market-report-july-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-05T08:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-04T09:07:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/03\/San-Francisco-iStock-2218316111-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tudor Scolca-Seu\u0219an\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Francisco Multifamily Market Report \u2013 July 2025 - 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