Analysis

The executive order directs HCD to facilitate a 30-day approval process for rebuild projects.

The median asking rent fell at the end of 2024 to its lowest level since March 2022.

A proposed measure failed to clear support from the legislature last year.

Rents could rise by up to 12%, as all Californians will pay higher insurance premiums, experts say.

According to Realpage, 667,000 total units were absorbed last year even as job growth slowed.

Data center developments are attracting operators willing to sign long-term leases.

The centerpiece of the transit-oriented hub at Mission Bay, SoMa nexus would be 850 feet tall.

Also, vacancies were at a record high.