Hello Friends!
Fall has arrived and brought with it sunnier days, bigger ocean swells, a new season of The Morning Show (TY!) and an uptick in the real estate market, with many homes receiving multiple offers and selling quickly. Interest rates have gone up, but prices have gone down and people still believe in the benefits of homeownership and investing in their communities. There is a lot to do and see up and down the coast and in the city this weekend, get out there an enjoy!
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Some positivity in the news...
“San Francisco’s office market is seeing progress for the first time since the onset of the pandemic. Company searches for office space in the city are the highest they have been in years. Firms in the growing artificial-intelligence industry are leasing large blocks of space, signaling that the city’s appeal as a tech hub hasn’t evaporated. 2023 [has been] the most active year for sales since 2019. [Office building values and rents have dropped dramatically but constitute] the critical first steps toward recovery...The recent sales activity ‘is part of the adjustment we’ve been waiting for,’ said Ted Egan, San Francisco’s chief economist. ‘The market-moving is healthy.’...Rent levels have fallen to the point that some tenants who were priced out of the city can afford space... brokers said that companies have search requests for 4.5 million square feet of office space, compared with 2.5 million square feet in January.”
The Wall Street Journal, “San Francisco Office Market Shows Signs of Life,” 9/17/23
Click below to view the full August report.
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Bubbles and babes...grab your bae(s), there's a new place to see and be seen on trendy Fillmore Street.
Sister restaurant to The Snug, also on Fillmore, is a new eye-catching restaurant (literally, it caught my eye while driving by this week) serving up seafood towers, oysters by the dozen, caviar w/ chips & buttery lobster rolls.
Plenty of champs and spritzers to Rose' all day.
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66th Mill Valley
Fall Arts Festival
Head to Mill Valley for a groovy weekend with Bay Area artists, shopping for hidden gems, and local and national live entertainment. Shop, connect, and wander amongst the majestic redwoods.
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The 36th Annual
Pacifica Fog Fest
The Fog Fest was created in 1986 to promote Pacifica and to celebrate our marvelous coast. The Fog Fest kicks off this morning at 10 am with the Parade, honoring the local community and a competition for best float. Then stay and enjoy our Arts and Crafts booths, Food and Beverage booths, Music & Entertainment, Family Fun Fest and a variety of other activities.
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The 1st ever Excelsior "Ever Higher" Festival is today at Jerry Garcia Amphitheater in McLaren Park.
Plan for a sun filled day with live performances, local artists,
food & drink.
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4 Bed | 2.5 Bath
$1,380,000
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*Seek advice and counsel of a medical professional and/or officials prior to going outdoors or any items mentioned in the above.
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© Compass 2023 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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