SAN FRANCISCO—“We seem to live in a bubble here in SanFrancisco.” That is according to moderator JordanMoss, first VP of CBRE, who recentlyspoke on the multifamily panel at the RealShare Bay Area conference here last week.The big question on multifamily experts' mind here was how deep isSan Francisco's rental pool?
Stanford Jones, EVP of IPA,says that on a macro level, there is a disconnect of income andincome inequality in San Francisco. “We scratch our heads on howmany people can spend $4500 on rent in the city per month,” hesaid. “Who knows how deep that pool is?”
Jones' concern is that when it turns off, it will turn offrapidly. But where and when that happens, remains to be seen, headded. “It will send shock waves through new and oldinventory.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
