San Francisco Multifamily Market Report - October 2021

San Francisco Multifamily continues its recovery! Compared to the end of August, Average $/SF is up 1.6% to $532.19 on YTD closed 5+ unit deals. Cap rates have fallen from 4.34% to 4.29%, average sales price has jumped from $3.13M to $3.86M. We're at 104 sales YTD, compared to 75 in the same time period in 2020.

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

  • 104 Total Sales

  • Average Price Per Square Foot - $532.19

  • Average Cap Rate - 4.29%

  • Average Sale Price - $3,863,492

  • Top Submarket - Cow Hollow, with 9 Sales

  • Top SF District - District 5, with 25 Sales (Haight Ashbury, some of Hayes Valley, the Inner Sunset, Japantown, and Western Addition.)

Market UpdateLL CRELL CRE Group