In 2022, San Mateo, San Francisco, and Santa Clara were the most expensive districts for housing in the San Francisco Bay Area. In San Francisco, the average square footage price of single-family homes exceeded 1,000 U.S. dollars per square foot. Housing in Solano, on the other hand, was most affordable, with the average square footage price for single family homes at *** U.S. dollars.

How expensive is buying a home in San Francisco? Few metros in the U.S. are more expensive than San Francisco, CA. In 2022, the median sales price of existing single-family homes in San Francisco was about *** million U.S. dollars, making it the second priciest market in the U.S. House prices in the Golden City, were not always so high: in 2014, a two-bedroom house in the Bay Area would sell for less than ******* U.S. dollars but since then, the median price has more than doubled.

How much does renting an apartment cost? Despite rents falling in 2020, renting in San Francisco is still far from cheap. Renting a two-bedroom apartment cost close to ***** U.S. dollars in 2021. California is one of the least affordable states for renters. In fact, to afford to rent such an apartment, a household needs approximately ***** full time jobs at minimum wage or *** full time jobs at mean wage.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in San Francisco County/city, CA (MEDLISPRIPERSQUFEEMM6075) from Jul 2017 to Jul 2025 about San Francisco County/City, CA; square feet; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet in San Francisco-Oakland-Hayward, CA (CBSA) (MEDSQUFEE41860) from Jul 2016 to Jul 2025 about San Francisco, square feet, CA, median, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in San Francisco-Oakland-Hayward, CA (CBSA) (MEDLISPRIPERSQUFEEMM41860) from Jul 2017 to Jul 2025 about San Francisco, square feet, CA, listing, median, price, and USA.

The average rent for warehouses and distribution centers in the San Francisco Bay Area, California, has increased year-on-years since 2017. In the first quarter of 2024, the average rent amounted to ***** U.S. dollars per square foot. That was significantly higher than the average warehouse rent in the United States.

Housing Inventory: Median Home Size in Square Feet Year-Over-Year in San Francisco County/city, CA was 3.09% in July of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in San Francisco County/city, CA reached a record high of 11.16 in May of 2023 and a record low of -13.64 in February of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet Year-Over-Year in San Francisco County/city, CA - last updated from the United States Federal Reserve on September of 2025.

Housing Inventory: Median Home Size in Square Feet in San Francisco County/city, CA was 1318.00000 Level in July of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet in San Francisco County/city, CA reached a record high of 1516.00000 in May of 2019 and a record low of 1227.00000 in February of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet in San Francisco County/city, CA - last updated from the United States Federal Reserve on August of 2025.

Housing Inventory: Median Home Size in Square Feet Month-Over-Month in San Francisco County/city, CA was -2.24% in July of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Home Size in Square Feet Month-Over-Month in San Francisco County/city, CA reached a record high of 5.15 in February of 2025 and a record low of -6.86 in January of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Home Size in Square Feet Month-Over-Month in San Francisco County/city, CA - last updated from the United States Federal Reserve on September of 2025.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco County/city, CA was -2.84% in June of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco County/city, CA reached a record high of 11.13 in December of 2019 and a record low of -9.36 in February of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in San Francisco County/city, CA - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA was 946.00000 U.S. $ in June of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA reached a record high of 1159.00000 in February of 2020 and a record low of 924.00000 in August of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in San Francisco County/city, CA - last updated from the United States Federal Reserve on August of 2025.

San Francisco's office rental market showcases significant variation across its submarkets, with Mission Bay commanding the highest rates at *** U.S. dollars per square foot in the third quarter of 2024. This premium location demanded nearly double the city's average rate, highlighting the stark differences in desirability and demand within the city's commercial real estate landscape. Economic powerhouse The San Francisco Bay Area's economic prowess is evident in its impressive economic growth over the past 20 years. The city's strength is fueled by the presence of major technology companies and a thriving startup ecosystem. The region's economic significance extends beyond local boundaries, contributing substantially to California's position as the state with the highest GDP in the country. This economic vitality helps explain the sustained demand for office space across various San Francisco submarkets. Offices: global context and market trends In a global context, San Francisco's office rental rates are relatively high but not the most expensive worldwide. In 2024, London, Hong Kong, and New York emerged as the top three most expensive office rental markets globally. Over the past five years, San Francisco has experienced a decline in office rents. This trend aligns with broader shifts in the office real estate sector, influenced by the COVID-19 pandemic and the rise of hybrid work. Despite these challenges, certain San Francisco submarkets like Mission Bay and The Presidio continue to command premium rates, reflecting their enduring appeal to commercial tenants.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in San Francisco County/city, CA was -1.08% in July of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in San Francisco County/city, CA reached a record high of 6.79 in December of 2019 and a record low of -3.25 in January of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in San Francisco County/city, CA - last updated from the United States Federal Reserve on September of 2025.

In October 2024, the median square footage sales price of a single-family home in the San Francisco Bay Area was approximately *** U.S. dollars. Condos, on the other hand, sold for *** U.S. dollars per square foot. The Far North was the most affordable region with sales price of *** and *** U.S. dollars for single family homes and condos, respectively.

The month's Map of the Month examines an issue of housing policy not often discussed: how big are the houses that get built? The map depicts metropolitan areas in the United States with both the largest and smallest units. As you can see, the San Francisco-Oakland urbanized area is on the small end of the scale.

Abstract

San Francisco’s Existing Buildings Energy Performance Ordinance requires owners of non-residential buildings over 10,000 square feet to annually benchmark and disclose energy performance. On behalf of City agencies, the San Francisco Public Utilities Commission (SFPUC) benchmarks and reports energy use for a portfolio of approximately 500 public facilities buildings. The performance of public facilities can be examined in an interactive report at bit.ly/SFMunicipalBenchmarking, and annual reports from 2011-present are available there as well.

This dataset presents the energy performance and basic characteristics for public facilities that is visualized by the SFPUC’s interactive report.

In addition, energy performance data for non-municipal buildings (i.e. commercial buildings of 10,000 square feet or larger, and multifamily & mixed-use buildings of 50,000 square feet or larger) is available at: bit.ly/ExistingBuildingsReport

Methodology

In compliance with California Energy Benchmarking Regulations (CA Public Resources Code Section 25402.10 and CCR Title 20 Section 1680), and San Francisco Existing Buildings Energy Ordinance (Environment Code Chapter 20), the San Francisco Public Utilities Commission provides energy benchmarking services on behalf of municipal facilities. Details for public facilities are compiled from city records, and energy usage is compiled from utility records; related metrics such as energy use intensity are calculated from the combination of such records. Data is subjected to quality assurance validation prior to publication. For additional information regarding data sources and assumptions, please review the "Data Sources and Assumptions" page of the Municipal Facilities Energy Benchmarking dashboard:

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https://bit.ly/SFMunicipalBenchmarking

The US commercial real estate (CRE) market, valued at $1.66 trillion in 2025, is projected to experience steady growth, driven by robust economic activity and increasing demand across various sectors. A compound annual growth rate (CAGR) of 2.61% from 2025 to 2033 indicates a positive outlook, although this growth is expected to be moderated by factors like rising interest rates and potential economic slowdowns. Strong performance is anticipated in key sectors such as office, retail, and industrial spaces, particularly in major metropolitan areas like New York, Los Angeles, and Chicago. The multi-family sector, fueled by population growth and urbanization, is also poised for significant expansion. However, challenges remain, including supply chain disruptions impacting construction costs and the evolving nature of work impacting office demand. The logistics sector continues to be a significant driver of growth, fueled by e-commerce expansion and the need for efficient supply chains. Competition among established players like CBRE, Cushman & Wakefield, JLL, and numerous regional firms will likely remain fierce, necessitating strategic acquisitions, technological advancements, and innovative service offerings to secure market share. The regional distribution of the US CRE market reflects the concentration of economic activity and population density. The Northeast and West Coast regions are expected to continue to dominate, with New York, Los Angeles, and San Francisco being key contributors to overall market value. However, growth is also anticipated in secondary markets such as Denver, Austin, and Nashville, driven by factors like lower operating costs and population migration. The ongoing shift towards sustainable and technologically advanced buildings will likely influence investment decisions, as investors prioritize energy efficiency and environmental responsibility. The forecast period (2025-2033) will likely witness increased adoption of PropTech solutions aimed at improving efficiency and transparency within the industry, furthering shaping the competitive landscape and overall market dynamics. Recent developments include: In March 2022, Progressive Real Estate Partners, the leading retail real estate brokerage firm in the Inland Empire, announced the USD 8 million-worth sale of The Grove. This property is a Circle K anchored neighborhood center located in Orange St. in Redlands, CA. The 39,339-square-foot property is situated at the signalized intersection of Orange Street and San Bernardino Avenue, just minutes from the I-10 and I-210 freeways and the University of Redlands., In February 2022, Shannon Waltchack (SW) acquired a 23,150 sq. ft shopping center Gateway Plaza in Bloomingdale, IL - the sixth acquisition in SW's latest fund. The center is 100% occupied by a mix of medical, service, and food tenants, including Aspen Dental, LensCrafters, and McAlister's Deli.. Notable trends are: Industrial Sector Expected to Record High Demand.

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over ***** more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over **** percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Alameda County, CA (MEDLISPRIPERSQUFEE6001) from Jul 2016 to Jul 2025 about Alameda County, CA; San Francisco; square feet; CA; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Median Home Size in Square Feet Month-Over-Month in San Mateo County, CA (MEDSQUFEEMM6081) from Jul 2017 to Jul 2025 about San Mateo County, CA; San Francisco; square feet; CA; median; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Contra Costa County, CA (MEDLISPRIPERSQUFEEMM6013) from Jul 2017 to Jul 2025 about Contra Costa County, CA; San Francisco; square feet; CA; listing; median; price; and USA.