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The Financial District is a neighborhood in San Francisco, California, United States, that serves as its main central business district and had 372,829 jobs according to U.S. census tracts as of 2012–2016. [5]
Like the rest of downtown San Francisco, Mid-Market was hit badly by the COVID-19 pandemic in 2020 and the subsequent shift to remote work. As of May 2024, the vacancy rate in the Mid-Market area had skyrocketed to 46%, according to CBRE research, which was significantly higher than the citywide vacancy rate of 36.7%. [ 19 ]
The neighborhood was developed in 1891 as land lots for single-family houses and sold through the Sunnyside Land Development Company. This company installed an electric streetcar line to access the new neighborhood from downtown San Francisco. This allowed expansion and created "suburbs" of the day. Houses were built as individual, custom homes.
The average San Francisco home value is $1,269,632; the average U.S. home value is $348,126, to compare. And the average rent for all bedroom and property types in San Francisco is $3,519, which ...
San Diego — Ocean Beach Antique District, Gaslamp Quarter; San Francisco — Union Square, [17] Union Street, Chestnut Street, Haight-Ashbury, Fillmore Street, Hayes Street [18] San Jose — The Alameda, Santana Row, Stevens Creek Boulevard; Santa Barbara — State Street; Santa Monica — Montana Avenue, Third Street Promenade, Main Street
Office vacancy rates in San Francisco were 24.8% in the first quarter, more than five times higher than pre-pandemic levels and well above the average rate of 18.5% for the nation’s top 10 ...
Plagued first by workers seeking remote opportunities then by widespread tech layoffs, the San Francisco county market experienced its first three-consecutive quarter decline in home prices in a ...
Shorenstein is a real estate investment company based in San Francisco that owns interests in 23 million square feet (2.1 × 10 ^ 6 m 2) of office space throughout the United States. [1] The company has sponsored twelve closed-end real estate funds, with total equity commitments of $8.8 billion, including $723.5 million from the company.