An article in today’s Chronicle, in conjunction with Bloomberg, while not particularly positive about near-future trends in US real estate, is much more positive regarding San Francisco.
“Your best bets: a small handful of "property-wealth islands," including San Francisco and San Jose/Silicon Valley, both seen as "primary 24-hour gateways located along global pathways," according to a report being released today at the Urban Land Institute conference in San Francisco.
San Francisco ranks third out of 51 cities as a place to invest in and develop commercial and multifamily apartment properties and fourth in for-sale home building, with San Jose two or three rungs lower in each category, according to the survey compiled by the institute and PricewaterhouseCoopers. Washington, Austin and New York are the other top-rated cities.”
Click for the Chronicle article here.
The full report – Emerging Trends in Real Estate -- from the Urban Land Institute is here.