The median rent for one- and two-bedroom apartments in San Francisco, CA, amounted to about ***** U.S. dollars at the end of 2023. Rents decreased drastically after the beginning of the coronavirus pandemic - by over ** percent between December 2019 and December 2020. This trend reversed in 2021, and as of December 2021, the annual rental growth stood at ** percent. Among the different states in the U.S., California ranks as the second most expensive rental market in 2023.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in San Francisco-Oakland-Hayward, CA (CBSA) (CUUSA422SEHC01) from H1 1984 to H1 2025 about San Francisco, primary, rent, urban, CA, consumer, CPI, inflation, price index, indexes, price, and USA.

The monthly rent for *********** apartments in San Francisco and Bay Area has fluctuated since 2015. In 2023, the median monthly rent for a *********** apartment in San Francisco was ***** U.S. dollars, down from ***** U.S. dollars in 2021.

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.

The median monthly apartment rental rate for a one bedroom apartment in San Francisco Bay Area was the highest in Mountain View as of May 2023, at nearly ***** U.S. dollars. The median monthly rent for a one bedroom apartment in Vallejo, on the other hand, was aproximately ***** U.S. dollars per month.

Graph and download economic data for Regional Price Parities: Services: Housing for San Francisco-Oakland-Hayward, CA (MSA) (RPPSERVERENT41860) from 2008 to 2023 about San Francisco, PPP, rent, CA, services, price, and USA.

San Francisco-Oakland-San Jose, CA (CMSA) - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in San Francisco-Oakland-Hayward, CA (CBSA) was 489.32900 Index Dec 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, San Francisco-Oakland-San Jose, CA (CMSA) - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in San Francisco-Oakland-Hayward, CA (CBSA) reached a record high of 489.32900 in May of 2025 and a record low of 100.00000 in December of 1982. Trading Economics provides the current actual value, an historical data chart and related indicators for San Francisco-Oakland-San Jose, CA (CMSA) - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in San Francisco-Oakland-Hayward, CA (CBSA) - last updated from the United States Federal Reserve on July of 2025.

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.

Los Angeles-Riverside-Orange County, CA (CMSA) - Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in San Francisco-Oakland-Hayward, CA (CBSA) was 480.42400 Index Dec 1982=100 in January of 2025, according to the United States Federal Reserve. Historically, Los Angeles-Riverside-Orange County, CA (CMSA) - Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in San Francisco-Oakland-Hayward, CA (CBSA) reached a record high of 480.42400 in January of 2025 and a record low of 105.90000 in January of 1984. Trading Economics provides the current actual value, an historical data chart and related indicators for Los Angeles-Riverside-Orange County, CA (CMSA) - Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in San Francisco-Oakland-Hayward, CA (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in San Francisco-Oakland-Hayward, CA (CBSA) (CUUSA422SASL2RS) from H1 1984 to H1 2025 about shelter, San Francisco, rent, urban, CA, consumer, services, CPI, inflation, price index, indexes, price, and USA.

In 2024, New York, NY, was the most expensive rental market for one-bedroom apartments in the United States. The median monthly rental rate of an apartment in New York was ***** U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average ***** U.S. dollars.

San Francisco-Oakland-Berkeley, CA - Regional Price Parities: Services: Rents for San Francisco-Oakland-Hayward, CA (MSA) was 200.17600 Index in January of 2023, according to the United States Federal Reserve. Historically, San Francisco-Oakland-Berkeley, CA - Regional Price Parities: Services: Rents for San Francisco-Oakland-Hayward, CA (MSA) reached a record high of 213.49800 in January of 2021 and a record low of 181.70000 in January of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for San Francisco-Oakland-Berkeley, CA - Regional Price Parities: Services: Rents for San Francisco-Oakland-Hayward, CA (MSA) - last updated from the United States Federal Reserve on July of 2025.

Rental rates in the United States increased steadily since 2008. In 2023, the producer price index for gross rent in office buildings reached ***** index points. This means that between 2008 when the index value was set to 100 and 2023, gross office rents grew by about ** percent. Manhattan, San Francisco, and Boston are among the biggest and most expensive markets for office space in the United States.

As of July 2025, the average rent for rental apartments increased in ** of the 50 U.S. metropolitan areas with the largest populations. San Francisco-Oakland-Berkeley, CA was the metro with the highest rental growth, an annual increase of **** percent. Conversely, Austin-Round Rock-Georgetown, TX experienced the highest decline in rents, at ***** percent.

The US luxury residential market, a sector characterized by high-value properties like apartments, condominiums, villas, and landed houses, is experiencing robust growth. Driven by factors such as increasing high-net-worth individuals, a preference for larger living spaces, and a desire for premium amenities, the market exhibits a Compound Annual Growth Rate (CAGR) exceeding 3.00%. Key cities like New York, Los Angeles, San Francisco, Miami, and Washington D.C. dominate the market, attracting both domestic and international buyers. The segment encompassing apartments and condominiums currently holds the largest market share, reflecting a trend towards urban luxury living. However, the villas and landed houses segment is also demonstrating strong growth, fueled by demand for larger properties and privacy. The market faces constraints such as fluctuating interest rates, limited inventory in prime locations, and the overall economic climate. Nevertheless, the long-term outlook remains positive, with continued growth expected throughout the forecast period (2025-2033). Leading developers like Toll Brothers, D.R. Horton, and several high-end custom builders are actively shaping the market, contributing to the overall expansion and diversification of luxury housing options. This market's expansion is further influenced by evolving architectural trends emphasizing sustainability and smart-home technology. The increasing popularity of eco-friendly materials and designs, along with the integration of advanced technological features, is attracting environmentally conscious high-net-worth individuals. Furthermore, the market's regional distribution showcases a strong concentration in North America, particularly the United States, although international markets, including key regions in Europe and Asia, are also showing promising growth potential. The competitive landscape is dynamic, with both large national builders and smaller, specialized custom home builders vying for market share. This leads to innovative design and construction approaches, thereby enhancing the overall quality and appeal of luxury residential properties. Future growth will depend on maintaining a balance between catering to evolving consumer preferences, addressing market constraints, and adapting to broader economic conditions. This comprehensive report provides an in-depth analysis of the US luxury residential market, encompassing historical data (2019-2024), current estimations (2025), and future projections (2025-2033). We examine market dynamics, key players, emerging trends, and growth catalysts to offer a 360° perspective on this lucrative sector. The report is crucial for investors, developers, real estate professionals, and anyone seeking to understand the intricacies of the high-end residential landscape. High-value keywords used throughout the report include: luxury homes, luxury real estate, high-end residential, luxury condos, luxury apartments, prime real estate, US luxury housing market, luxury home builders, luxury real estate investment. Key drivers for this market are: Energy efficiency in construction, Flexibility and customization options. Potential restraints include: Limited availability of suitable land for construction, Lower quality compared to traditional construction. Notable trends are: Home Automation Becoming a Pre-requisite for Luxury Real Estate.

Cities in the United States dominate the list of cities with the highest rents worldwide. New York was ranked as the most expensive city to rent in, ahead of San Francisco, with an index score of ***. Boston followed in third.

In 2007, a cash-strapped Brian Chesky came up with a shrewd way to pay his $1,200 San Francisco apartment rent. He would offer “Air bed and breakfast”, which consisted of three airbeds,...

In Texas, Austin was the most expensive market for office space in the second quarter of 2024. The rental rate of class A offices was nearly ** U.S. dollars per square foot, compared to ** U.S. dollars per square foot for El Paso. Dallas, which is the largest office real estate market in the state, had rental rates of about **** U.S. dollars for all classes and **** U.S. dollars for class A offices. In the United States, Manhattan, San Francisco, and Silicon Valley-South Bay fetch the highest office rental rates.

The US office real estate market, while facing headwinds from remote work adoption, demonstrates resilience and ongoing growth. The market size, estimated at $1.5 trillion in 2025, is projected to experience a compound annual growth rate (CAGR) exceeding 4% through 2033, driven by several key factors. Increased urbanization and population growth in major metropolitan areas fuel demand for office space, especially in sectors like Information Technology (IT and ITES), Manufacturing, and BFSI (Banking, Financial Services, and Insurance). Furthermore, the ongoing expansion of consulting firms and other service-based industries continues to contribute to this demand. However, the market faces challenges from evolving work models, with hybrid and remote work arrangements impacting overall occupancy rates. Technological advancements are also transforming the office landscape, pushing for more efficient and technologically advanced spaces, driving demand for renovations and new construction. Major players like Hitt Contracting, Kiewit Corporation, and others are navigating these trends, adapting their strategies to meet the changing needs of their clients. The market segment breakdown will likely reflect the ongoing growth in tech and service sectors, while traditional industries continue to hold significant shares, albeit with potentially slower growth rates. Regional differences will persist, with major metropolitan areas such as New York, Los Angeles, Chicago, and San Francisco likely continuing to dominate the market, but secondary and tertiary markets may experience slower, yet steady growth based on local economic conditions. The long-term forecast anticipates sustained growth, albeit at a potentially moderated pace, due to the evolving work landscape. Strategic investments in building renovations, advanced technologies, and flexible lease agreements are crucial for navigating the market's dynamics. The competition among major players will remain intense, with emphasis on providing value-added services and adapting to tenant preferences. Geographic diversification will be key for companies to mitigate risk and capitalize on growth opportunities across different regions. The successful firms will leverage data analytics, sustainability initiatives, and a deep understanding of tenant needs to thrive in this dynamic and evolving market. This comprehensive report provides an in-depth analysis of the USA office real estate industry, covering the period from 2019 to 2033. It offers invaluable insights into market size, segmentation, trends, and future growth projections, encompassing key sectors like Information Technology (IT and ITES), Manufacturing, BFSI (Banking, Financial Services, and Insurance), Consulting, and Other Services. With a focus on the estimated year 2025 and a forecast period extending to 2033, this report is essential for investors, developers, and industry professionals seeking to navigate the complexities of this dynamic market. The report utilizes a base year of 2025, with a historical period spanning 2019-2024 and a forecast period of 2025-2033. This detailed analysis leverages high-search-volume keywords, like commercial real estate, office space, USA office market, real estate investment trusts (REITs), and office leasing, to ensure maximum online visibility. Key drivers for this market are: Increasing Disposable Income and Middle-Class Expansion, Increased Awareness of Roofing Solutions. Potential restraints include: The presence of counterfeit or substandard roofing materials in the market poses a significant challenge, The roofing industry faces a shortage of skilled labor. Notable trends are: Increase in Leasing Volumes.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Houston-The Woodlands-Sugar Land, TX (CBSA) (CUURA318SEHA) from Dec 1914 to Jul 2025 about Houston, primary, rent, TX, urban, consumer, CPI, inflation, price index, indexes, price, and USA.