{"id":1004169089,"date":"2017-03-23T03:38:26","date_gmt":"2017-03-23T11:38:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169089"},"modified":"2025-02-26T23:26:45","modified_gmt":"2025-02-27T07:26:45","slug":"yardi-matrix-san-francisco-suburbs-rising","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-san-francisco-suburbs-rising\/","title":{"rendered":"Yardi Matrix: San Francisco\u2014Suburbs Rising"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<div id=\"attachment_1004169095\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169095\" data-attachment-id=\"1004169095\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-san-francisco-suburbs-rising\/san-francisco-vs\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg\" data-orig-size=\"1613,670\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandra Efrimov&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1489420121&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg?w=1024\" class=\"wp-image-1004169095\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg\" alt=\"\" width=\"400\" height=\"166\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg 1613w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg?resize=300,125 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg?resize=768,319 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg?resize=1024,425 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/san-francisco-vs.jpg?resize=1536,638 1536w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><p id=\"caption-attachment-1004169095\" class=\"wp-caption-text\">San Francisco rent evolution, click to enlarge<\/p><\/div>\n<p>San Francisco has been the poster child for booming technology markets on the West Coast, but the effects of those surging years are coming back to haunt its multifamily market. Supply is lagging demand, pushing rents past any reasonable level of affordability, even for high-paid workers. Renters are moving into the suburbs, driving up rents there as a result. Meanwhile, demand for Bay Area assets has compressed acquisition yields to some of the lowest levels in the nation, sending investors toward the lower Peninsula and Alameda County.<\/p>\n<p>Technology remains a key driver of growth, but other job segments\u2014such as education and health services, and hospitality\u2014are also surging. The Transbay Transit Center is one of the most significant multimodal transit hubs taking shape in the Western United States. Once completed, it will create an entire neighborhood, with 4,000 new units, more than a third of which will be designated for affordable housing. In addition, the development will contain 6 million square feet of office space.<\/p>\n<p>Roughly 15,000 units are underway in the Bay Area, pointing toward an escalation in completions. However, demand is very high, due to employment and population growth. Rent gains have decelerated, improving affordability, but we expect growth to rebound to moderate levels in 2017.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/203-SanFrancisco-Winter2017Outlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=203-SanFrancisco-Winter2017Outlook\" target=\"_blank\" rel=\"noopener noreferrer\">Yardi Matrix report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The metro has been the poster child for booming technology markets on the West Coast, but the effects of those surging years are coming back to haunt its multifamily market.<\/p>\n","protected":false},"author":237,"featured_media":1004169096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,21808,21742,37795,1609,15],"tags":[],"class_list":["post-1004169089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-featured","category-latest","category-rc-occupancy","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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