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Bay Area Housing Shortage

Jul 8, 2019 | Posted by Jeff Weil | Bay Area Housing, California Economics |

Yes, the Bay Area has a severe housing shortage.  Here is an example of why: “Almost 400 projects in the city (San Francisco) comprising 36,909 units have been approved for over two years but haven’t started construction, according to the planning department.  Of those, 6,095 are affordable.  Developers point fingers directly at local impact fees and the construction labor shortage…construction costs and fees have become insurmountable for developers.”  San Francisco Business Times June 28, 2019

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Tags: Bay Area Housinghigh construction costshousing shortageJeff Weiljeff.weil@colliers.com
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Jeffrey Weil, CCIM, MCR.h, SIOR

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  • Jeffrey Weil
  • Colliers International
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  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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