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SOMA Residential Development Picking up Steam

  • ​After a cooling period in 2017 that allowed for the absorption of units delivered in 2016, 2018 could be a bigger year for new residential construction.
  • In SOMA, the part of San Francisco with the greatest amount of developable land, 6,655 residential units are proposed or under construction. The area offers commuters that work in Silicon Valley easy access to the freeway and public transit. Some of the largest proposed developments are clustered around 4th and King Street-the current terminus of Caltrain. ​

Sources: JLL Research, Yardi Matrix​

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