The streaking hot San Francisco housing market is finally showing signs of cooling down and experts are wary of trouble times ahead.
Morgan Stanley’s Vance Edelson issued a statement aimed at its valued clients on Friday saying, “The tech IPO slowdown has stoked concern that San Fran, one of the hottest real estate markets, could be ready for a pause.”
According to Business Insider, Edelson’s team of analysts has specified commercial real estate as area of concern which has shown tremendous growth; commercial property rental rates has increased by 70 percent from the 2009 crash and market demand for such properties has been on an upward trend. Only 6.5 percent of office spaces available in the city are available for rent which is the lowest it has been in 10 years. The economy has indeed fought back from its fall and has managed to come back strong.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at email@example.com