“San Francisco’s beleaguered downtown continues to show signs of recovery, while the economy copes with continuing contraction in the tech industry, and accumulating signs of a broader slowdown nationally…the city’s unemployment rate fell to 3.7%…Most indicators of downtown activity trended up: MUNI Metro and downtown BART ridership recovery in April both reached post-pandemic highs, as did foot traffic…Apartment asking rents also continued their notable growth.”
Status of the San Francisco Economy, May 2025, SF Offices of the Controller & Economic Analysis
“America’s renter population has hit a record because fewer people can afford to get on the housing ladder…A weak spring home-selling season suggests rents will rise…[Rental unit] vacancy rates are
falling again.”
Wall Street Journal, “First-Time Home Buyers are MIA, Landlords Are the Winners,” July 7, 2025
Note that the quantity of sales in any given local submarket is usually relatively small and/or the number of sales that report the necessary financial information can be limited. Buildings of different ages, qualities and sizes selling in different periods can cause these average and median figures to fluctuate significantly. Furthermore, the reliability of some of these calculations depends upon the quality of the income and expense figures provided by the listing agents, and sometimes instead of actual numbers, much less meaningful projected or scheduled figures are used. Late reported listings and sales may change these statistics. Therefore, the above statistics should be considered very general indicators, and how they apply to any particular property without a specific comparative market analysis is unknown.
These analyses were made in good faith with data from sources deemed reliable, but they may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate. Numbers may change with late-reported sales activity.
Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.
