Emerging Trends In Bay Area Real Estate 2019

Every year, PwC publishes a report of the latest developments in real estate around the world. Here is a summary of their latest findings about the market in the Bay Area in 2019:

  • Focus groups in San Francisco, San Jose, and Oakland expressed concern about the lack of affordable housing, which could potentially limit future economic growth. 
  • In San Francisco, there is concern about whether enough housing is available in general.
  • Some believe that San Francisco’s Proposition M, which limited development after 1986, enabled both a commercial and a housing crunch. Now, the city may decide to lower some of those restrictions. 
  • San Francisco is building new properties to meet the rapidly changing technology needs of tenants. 
  • The burdens of regulation, high construction costs, and rising NIMBY (Not In My Back Yard) sentiment are significant issues in San Francisco and Oakland real estate.
  • The implementation of new construction processes and the rise of urbanized suburban developments may be solutions for San Francisco, San Jose, and Oakland. 
  • San Francisco and San Jose report that suburban locations are becoming more attractive to Bay Area tenants.

The full report is available here:

https://www.pwc.com/us/en/asset-management/real-estate/assets/pwc-emerging-trends-in-real-estate-2019.pdf

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>