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San Francisco Real Estate: Escrow Out Loud

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5+ y ago 8:37

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In today’s episode of our San Francisco Real Estate podcast, we’re talking about a new building that popped up on 2100 Market St.

[00:22] So there is a new building that popped up at the site of a former restaurant on the corner of Market, Church and 14th. From housing a market, a restaurant and then a vacant lot, this site went through a lot of different iterations before becoming what it is today.

[01:33] In 2016 the building was going to be home to 60 rental apartments. However, in 2019 we noticed activity in the units. What is going on? It appears 52 units will be taken over by a company called Sonder which will use the units for short-term, furnished rentals of 30+ days. Is this really where the gap in San Francisco housing supply that needs filling is, or is it just good business?

[05:48] By looking at all the feedback, it is clear to see that the majority of people are not happy about the use of the new building for this purpose. We venture at why this might be.

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