With continual job growth sustaining some of the highest rental rates in the country, technology workers with healthy salaries continue to demand top-tier multifamily assets in key, urban locations. Developers are bringing new, high-end properties online while simultaneously repositioning Class C assets to meet this demand. Investors are bullish on San Francisco, undeterred by high prices and among the lowest cap rates in the nation. The most active multifamily market participants will assess the state of this hot property type, determining whether such bold expectations are truly warranted.
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