Matrix Multifamily San Francisco Report-July 2025

Market Overview

San Francisco’s multifamily market shows signs of recovery in mid-2025. Average advertised asking rents increased 0.5 percent on a trailing three-month basis through May, reaching $2,880—20 basis points above the U.S. average. Despite a surge in new supply in 2024, occupancy improved by 10 basis points in April, holding strong at 95.4 percent.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate analytics across multifamily, student housing, office, industrial, self-storage, and other sectors. Their metro-level multifamily reports deliver insights on rent trends, occupancy, development pipelines, and market fundamentals—designed to support data-driven decisions by investors, operators, and analysts.