Average Dollar per Square Foot by Year San Francisco 5+ Unit Apartment Building Sales
2025 refers to Q1, Q2 & Q3 data and should be considered preliminary until full year data is available.
Because of the relatively small number of sales and the huge variety in buildings sold, average dollar per square foot is a very general statistic when applied to investment property sales. Dollar per square foot values have dropped significantly since the market shifted in mid-2022 with the big jump in interest rates. Average and median $/sq.ft. calculations will be different, though both are legitimate measurements of value and the trends are typically similar.
$562
$546 $548
$542
$550
$536
$533
$506
$501
$500
$450
$435
$428
$405 $400
$396
$400
$348
$350
$330
Great recession
Interest rates soar ↑
$297 $296
$300
$284 $285
$266 $268
$257
$250
$200
YTD
$150
Data is from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate, and may change with late-reported sales. Outlier data adjusted when identified.
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