If the summer of 2012 historically resembles most previous years, we will all be suffering through yet another June gloom that continues well into July and August months.
Rental properties located along transit corridors esp within 5-10 walk to tech company shuttles are preferred locations and will continue to command premium pricing. If you are torn on where to spend your remodel dollars between Mission or Outer sunset, I would spend it in the Mission.
Last month at this time there were 22 buildings on the market in the 5+ category, today there are now 41 building on the market in MLS and 14 off MLS offerings (Marcus and Millichap offering) total of 55 buildings in various stages of the process.
As I look back on the last year, my first as SFAA president, I must say that this role has been more fulfilling than I had anticipated. I learned a lot about the legislative and political process on both the local and state level, and I’m looking forward to the challenges that will come in the new year.