The number of vacant homes in San Francisco increased dramatically over the pandemic. Here’s why that matters for voters. ⤵️
The number of vacant homes in San Francisco surged by more than 50% between 2019 and 2021, reflecting the pandemic-era exodus from The City.
San Francisco could lose millions by missing key housing deadline The City risks losing affordable housing funds and control over land-use decisions The vacant home type with the largest increase was the “for rent” category, growing from 7,000 homes in 2019 to 17,000 in 2021. This figure is illustrative of the pandemic-era exodus from The City, and the way in which housing vacancies can help improve affordability. With so many more apartments vacant and on the market, average rents dropped nearly 30 percent by mid-2021 as compared to pre-pandemic rates.
Another vacancy category that increased significantly in San Francisco was the mysteriously named “other,” which was broken down into subcategories for the first time. More than one third of this category, or about 7,000 units, were listed as under repair. Is California’s rent cap law working? It’s impossible to know for sure — but landlords have plenty of incentive not to follow it
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