Ross
Real Estate
San Francisco apartment construction projected to decline
Data: RentCafe; Note: Includes apartment construction with 50 or more units; Chart: Axios VisualsSan Francisco is among several metro areas expected to slow the pace of apartment construction by 2028, a new report finds.Why it matters: The projected cool-down comes as a national shortage of homes to buy or rent is keeping housing prices high.By the numbers: San Francisco completed construction of 38,060 apartments from 2019 to 2023, per a recent analysis by RentCafe.That number is poised to drop to an estimated 25,730 for 2024 to 2028 — a 12,330 difference.Meanwhile, a projected 5,078 rentals in the San Francisco metro...
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