The San Francisco Bay Area continues to push forward with new apartment home developments going into the new year. Both the home sale and rental markets are still aggressive at San Francisco with the highest rental rates in the nation for a 1 bedroom at $3,450 a month.
Read more about how the San Francisco Bay Area rental market stacks up against Seattle and New York City.
Let’s take a look at the newest highly anticipated apartment developments going into 2018, in the San Francisco, Bay Area.
Development 1: 181 Fremont (San Francisco)
San Francisco’s highly anticipated apartment building, 181 Fremont will be completed in early 2018. This will be the tallest residential tower west of the Mississippi River. While prices for a home here start are $3 million, investors are buying quick to turn it into a rental opportunity. Facebook have signed a 3 year lease in the commercial office space as well.
The 6,941 square foot penthouse recently listed for a record high at $42 million. The five bedrooms, five and two half bathroom home will be set on the 70th floor.
- 67 apartments for sale
- SOMA area of San Francisco
- Listed by The Mark Company
Development 2: Pinefino Apartments (South San Francisco)
The Pinefino Apartments are a newly constructed apartment building conveniently located on Airport Blvd and Baden Ave of South San Francisco. This upcoming area hosts local shops and restaurants and has immediate access to the 101 freeway. With BART’s plan to expand toward South San Francisco, this location will bring in more commercial retailers in the next years to come.
- 69 rental apartments
- 2 commercial retail spaces
- 17 unique floorplans
- Off Airport Blvd and Baden Ave
- Listed by Onerent Property Management
- Access to Caltrain and 101
Development 3: 44Seven (Oakland)
44Seven at 1640 Broadway in Oakland hosts studios, 1 bedroom, 2 bedroom, and 3 bedroom rental units. Construction began in February 2017, leasing starts in later 2018, and projected to launch January 2019. Around 5,000 square feet of commercial space will be reserved for restaurant and retail.
The Downtown Oakland area is a stable and energetic place to live for San Francisco Bay Area residents.
- 254 rental apartments
- 5,000 square feet of commercial space
- Listed by Lennar Multifamily Communities
- Located off Broadway St and 17th St
Development 4: The Flats at Balbach (San Jose)
The Flats at Balbach is a smaller rental apartment development located in the SoFA District of San Jose. The building is located next to the San Jose Convention Center and is a popular area for residents to dine and go out.
- 5 stories
- 101 rental apartments
- 1,405 square feet of retail space
- Listed by SiliconSage Builders
- Located off Balbach St and S Market St
- Next to PWC, Oracle, San Jose Convention Center, and SoFA District
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