Overview

• San Francisco rents rose 11.5% year over year, with August medians at $3,069 for a one‑bedroom and $3,637 for a two‑bedroom, according to Apartment List.
• Eviction notices are at their highest rate since 2018, sheriff eviction execution orders are averaging 84 per month this year, and nonpayment notices jumped from 14 per month in 2024 to 49 per month in 2025, Rent Board data show.
• Real estate agents say OpenAI tender offers and other private stock sales are funding home purchases, with a record number of $20 million‑plus sales in San Francisco and a $2.6 million average single‑family price in San Mateo County.
• AI firms have driven a major office rebound with in‑person work norms, accounting for roughly one in four square feet leased in San Francisco over the past 2½ years, according to CBRE.
• Buyer and renter demand is concentrating near AI hubs, including Mission Bay and Hayes Valley, along with South Beach, Dogpatch, Potrero Hill, the Mission, Noe Valley, and Bernal Heights.