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follow Patrick 2018 Apr 19, 7:43pm
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The two properties (Archstone SOMA and Fox Plaza) are an odd choice for a city-wide barometer as they’re both in the redeveloped NEMA area and are about one block apart off of Market between 9th and 10th.
I'm not super familiar with the SF market, but I see that there are decent looking 2BR condos for sale around $900k like this one for example https://www.zillow.com/homedetails/50-Jerrold-Ave-UNIT-411-San-Francisco-CA-94124/241586765_zpid/?fullpage=true, so paying $4.5k or $5k rent a month seems crazy.