NAI Northern California,commercial real estate,San Francisco Bay Area

Housing development and building pipeline up to a record high in San Francisco

In San Francisco in 2019 the overall pipeline of housing being developed hit a record 72,865 units, up over 5,050 from Q1 2018.

The number of units in developments which are currently under construction and should be ready for occupancy within the next year or two has increased, from 8,100 at the end of last year to 8,500 in the Q1 2019, which is within 3 percent of the current cycle peak of 8,800 set in Q3 2015.

Around 16,800 permitted and approved units are in play, while some major housing projects in Treasure Island, Park Merced, and Candlestick area.

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