The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 21, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Bay Area Multifamily Market Offers Investment Appeal, Despite Current Challenges


This update provided by real estate services firm Institutional Property Advisors.

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has just published a new report: Bay Area Multifamily. Here’s a quick synopsis of the report:

“There is a solid case to be made for the investment appeal and performance potential of the San Francisco Bay Area’s multifamily sector despite news narratives that emphasize the area’s economic challenges,” stated Greg Willett, first vice president and national director, research services, IPA. “Key indicators pointing to a strong multifamily market in the Bay Area include employment that exceeds the pre-pandemic level, exorbitant single-family home prices, and the limited supply of new apartments.”

IPA’s Bay Area Multifamily report provides investors with data and analysis on the market, including:

• The national premium to buy a median-priced single-family home versus rent for an average apartment is at a record $1,291 per month. That gap in affordability in the East Bay exceeds $4,800 per month and is $9,200 per month in San Francisco and the South Bay.

• The 17,400 units under construction regionally going into Q4 2023 will yield inventory growth of 2.6%, just half of the 5.2% expansion on the way nationally.

• Combined employment in San Francisco, East Bay and South Bay metro areas is approaching 3.6 million jobs.

“Northern California’s strong concentration of high-paying jobs underscores the importance of the region’s technology sector and ability to attract venture capital,” added John Sebree, senior vice president and national director of the firm’s Multi Housing Division. “With innovation as one of the area’s great strengths, the Bay Area should account for a significant share of job creation driven by new artificial intelligence capabilities.”

To read IPA’s complete Bay Area Multifamily Report, click HERE.

Return to the previous page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media