More than 4,000 new units will be available in 2021, including deluxe condos like the Four Seasons Private Residences on Mission Street and One Steuart Lane on the Embarcadero, as well as rental projects like the final 500-unit phase of the 1,900-unit Trinity Place on Market Street. Those totals are well above historic production numbers. … [Read more...] about San Francisco’s housing market has been chaotic. Here’s what experts see coming in 2021
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“It’s difficult to distinguish whether Bay Area gains are due to post-holiday seasonality or a trend reversal at this point, but there has been a significant increase in renters interested in moving to the Bay Area on our platform,” said Neil Gerstein, a Zumper analyst. … [Read more...] about Are San Francisco rents showing first sign of return to ‘normal’?
San Francisco can only start to reopen when the state gives a green light to the entire Bay Area. California’s guidelines say a region can reopen when its intensive care unit capacity is projected to hit at least 15% availability within a four week period. The Sacramento region was recently allowed to reopen based on those metrics. … [Read more...] about Mayor Breed says San Francisco may be able to reopen soon as new infections drop
“Price growth in Sacramento and Fresno might not be entirely driven by increased migration, but migration is likely the dominant driver here,” Gerstein said. “Increased migration to an area typically has an upwards effect on rental prices because the rate at which people move in typically outpaces the construction or availability of new rental units to house them.” … [Read more...] about Where the San Francisco Bay Area rent market stands at the outset of 2021
And the renaming is likely to be costly. It’s unclear how much the district will spend on new signage, repainted sports fields or gym floors, athletic, band or other uniforms, and other administrative costs. But based on other districts across the country, it could cost San Francisco at least $1 million to rename the 44 school sites and potentially significantly more. The district faces a significant budget deficit, which could reach $75 million next school year. The board’s Tuesday night agenda did not include items related to the academic or health impact on students or about reopening schools to the youngest or most vulnerable students. … [Read more...] about San Francisco School Board Removes 44 Names from Schools: Abraham Lincoln, George Washington, Thomas Jefferson