San Francisco’s commercial real estate market shows many positive signs for growth in 2018.
Multiple CRE products are going up right now, which is relatively uncommon, according to Vanguard Properties Director of Investment Sales Alex Kolovyansky, who spoke during a recent Bisnow event.
Office, industrial residential and hotel are all experiencing up cycles, Kolovyansky said.
“The San Francisco residential market has been growing by leaps and bounds,” he said.
In 2017, 6,500 transactions were completed in the residential market, of which 35% were for homes and 51% were for condos. A very small percentage of the transactions were for investment properties and 2.3% were for apartment buildings. Kolovyansky said 147 old and new apartments traded last year.