SAN FRANCISCO—The San Francisco apartmentmarket is among the strongest in the nation after athird-quarter surge in occupancy and rents lifted the metro out ofa year of relatively mediocre performance. That is according to arecent report from Marcus & Millichap.
“Apartment operators are taking full advantage of sub-3% vacancyto accelerate the pace of rent growth as payrolls expand,” says thereport. “Employers shook off a weak first quarter to add more than25,000 jobs during the past six months.”
Many of these new positions are in the South of Market/Missionsubmarket, where Salesforce is setting the pace in expansion,the report says. “Other companies in the area are also hiring,which supported the largest annual drop in vacancy in themetro.”
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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.
