Craigslist Cuts Asking Price of Class A Office Building it Owns in San Francisco by 40%. The Building is 78% Vacant by Wolf Richter • Aug 17, 2022 • 92 Comments Last time it tried to sell the building was in 2019. Now the office market is an entirely different ballgame.
House Prices in San Francisco & Bay Area Experience Steep Declines from April Peak Craziness, Down Year-over-Year by Wolf Richter • Aug 11, 2022 • 91 Comments Sales volume plunged 38%.
San Francisco Bay Area, Southern California Home Sales Crater, Prices Begin to Drop. California Pending Sales Collapse 40% by Wolf Richter • Jul 19, 2022 • 198 Comments The first year-over-year price declines crop up as the crazy California housing market “normalizes” amid holy-moly mortgage rates.
Commercial Real Estate’s Early Autumn: We Now See Price Cuts, Blown Deals, Widening Bid-Ask Spreads by John McNellis • Jun 18, 2022 • 151 Comments We listed a 40-unit apartment building in the East Bay, a couple months too late, and a shopping center in Silicon Valley. Here’s what happened.
Gasoline Spikes to Nearly $5 US Average, Diesel to $5.70. Crude Oil WTI Jumps to $119. Inflation Not in the Mood of Peaking Yet by Wolf Richter • Jun 6, 2022 • 207 Comments San Francisco regular hit $6.34 on average; at Wolf’s gas station from heck, it hit $6.79, premium at $7.00.
The Mess of China’s Over-Leveraged Property Developers Spills into California by Wolf Richter • Oct 31, 2021 • 114 Comments Stiffed creditors in China and Singapore seized the halted construction mega-ulcer in San Francisco, the Oceanwide Center.
Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 234 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
No Brick & Mortar Meltdown for Legal Marijuana Retailers by Wolf Richter • Aug 21, 2021 • 118 Comments In California, sales at cannabis retailers hit $5.1 billion over the past 12 months.
No, Rents Are Not Suddenly Spiking in San Francisco: They Fell Again in July and Are Down 27% since June 2019 by Wolf Richter • Jul 27, 2021 • 84 Comments The rental market is in turmoil after jobs and people left, and price discovery has set in. Falling rents are a market-based solution to the “Housing Crisis.”
Housing Market Splits: San Francisco House Prices do Holy-Moly Spike, Condo Prices Flat for 3 Years by Wolf Richter • Jul 10, 2021 • 169 Comments Amid record surge in luxury house sales.
