San Francisco Multifamily Market Report - June 2021

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We’re mid-way through the year and San Francisco’s multifamily market activity year-to-date has notably increased compared to the same time last year. As the state reopens today , landlords hold on to hope that a significant wave of recovery is on the way.

San Francisco Mid-Year Multifamily Market Statistics - 5+ Unit Properties Sold:

  • 49 Total Sales

  • Average Price Per Square Foot - $522.16

  • Average Cap Rate - 4.18%

  • Average Sale Price - $2,955,000

  • Top Submarket - Pacific Heights, with 5 Sales (Average 4.11% Cap)

  • Top SF District - District 5, with 14 Sales (Haight Ashbury, some of Hayes Valley, the Inner Sunset, Japantown, and Western Addition. Average 4.30% Cap)

Market UpdateLL CRE