San Francisco 5+ Unit Multifamily Update - Year End, 2021
2021 Ends with a Full Return of Sales Activity, Rebounding Rents
The multifamily market in 2021 ended with the 151 sales, a full recovery from the low of 92 sales in 2020. 5+ unit multifamily sales activity in 2021 equaled or surpassed previous years, signaling a renewed confidence in the asset class, fueled by inflation and low interest rates. Other key metrics, like CAP rate, GRM, and Price per Square Foot, suffered slightly; sellers discounted their listings as COVID continues to dampen income in the short term. However, these metrics remain strong in comparison to other markets and previous years performance.
This newsletter provides you with multifamily market research, guidance, and opportunities in the San Francisco Bay Area. Contact us with any questions regarding current market conditions.
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