| The High Rent Districts | December 3rd, 2005 |
|
Second in demand are the north side neighborhoods—Telegraph Hill, Nob Hill, Russian Hill and Pacific Heights. In these areas high-end renters go for the heavy charm of older buildings like 1800 Broadway with its big bedrooms and “quaint” old kitchens and baths. Buildings in premium locations, like 1610 Sacramento (right next to the Polk Street shops) are also popular. Rents in these neighborhoods are a notch lower than SOMA, topping out at $3500/month for a two-bedroom. Another neighborhood where Laura has no trouble renting is Hayes Valley. The new appeal of this area is mostly due to the revamped Octavia Boulevard, which makes getting out of the city a breeze for commuters. Since larger apartments in Hayes Valley are rare, those lucky enough to rent here generally wind up with one of the lofts that line Gough or Hayes. Laura’s tenants tend to be “DINKS”—‘double income no kids.” Surprisingly, many of them are former homeowners who cashed in their chips and are looking for a lifestyle change. This new market means an increased demand and Landlords are finding that they can comfortably raise their rents by 10% or even more if they own a trophy building or showcase condominium. Laura’s exceptionally good at what she does. If you have a vacancy, she can make re-renting your place hassle-free. Feel free to call her at 738-7075 with questions about how she works and what she can do for you. See you next week. By the way, I heard you guys liked the singing turkey. Phew! |
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
So which San Francisco neighborhood is most expensive for a renter? According to Laura Gray, Paragon’s super-duper rental agent, SOMA and South Beach take the prize for commanding the highest rents. The hot properties in this neighborhood are two-bedrooms close to downtown, in buildings like the Metropolitan (at 1st and Folsom) and 246 2nd Street. These units go quickly for $3300-3500/month, often with multiple applications. Other units in SOMA/South Beach with views and luxury finishings go for as much as $4,000/month.