Wednesday, June 27, 2012
San Francisco Has 38,000 Residential Units Approved
Many scholars and urbanists argue that San Francisco is not accommodating of new development, and this is problematic for the city's growth. There is some truth to this idea,and perhaps the 3,400 residential units currently under construction are not enough. However, according to the data in this San Francisco Business Times there are over 38,000 residential units approved in the city. A large share of these units are part of the Bayview Hunters Point redevelopment. Whatever the restrictions are caused by zoning, the data at the link suggest that the city is set to increase the total number of units in the city by about 40,000, which is a lot. Let's see if rents come down and the local economy grows as predicted.