SAN FRANCISCO—Much is being made of the softening of the multifamily leasing market, but these conditions do not affect every development, as evidenced by the robust level of leasing activity at 340 Fremont. Equity Residential projects 40% occupancy by the end of this month for the 40-story tower.

The extensive water and city views within many of the 348 residences have proven to be a huge draw, as has the expansive ninth floor amenity deck. 340 Fremont's architectural and interior design is credited to Handel Architects, with landscape design by San Francisco's Cliff Lowe Associates, and construction by Suffolk Construction.

Located on Rincon Hill, 340 Fremont offers studios, one-, two-, and three-bedroom apartments, with lease rates starting at $3,210 for studios to $4,970 for two-bedroom/two baths. Pricing on Phase 3, which will encompass the top three floors of the tower, have not yet been released.

The ninth floor amenity deck has a club lounge with demonstration kitchen, a fitness center open 24/7 and an outdoor yoga studio. There's also an outdoor grilling area, bike storage, rental EV stations and a 24-hour concierge for residents. Many of the apartments have private patios and terraces, with large floor-to-ceiling windows, hardwood flooring and open-concept living spaces.

Jim Kelly, first vice president of development for Equity Residential, tells GlobeSt.com: “Since opening the doors to the leasing office, traffic and leasing volume have been very strong, as you would expect in this market and at a project the caliber of 340 Fremont. At our current pace, we are on track to hit 40% occupancy by the end of August and will begin looking to release our third and final phase of residences.”

Equity Residential owns or has investments in 314 properties consisting of 78,351 apartment units.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

Equity Residential

Equity Residential owns or has investments in 314 properties consisting of 78,351 apartment units.

Instant Insights /

Robust Leasing Shows No Softening in Luxury Housing

Related Stories

Recommended For You