1、2022 Q2 SF office market report by Colliers, 20% vacancy, 8% subleasing, asking rent dip again after stabilized in summer
Tech office now account for >25% of 218Msf sublet space, dominated by mid to small size firms with older offices, per CoStar
2、Homebuilder sentiment continue to slide for 9 straight months to 46 in Sept, and 25% of homebuilders are lowing price per NAHB
3、 OpenDoor lost money on 42% of sales in Aug, echo of Zillow IBuyer program epic collapse a few months ago
4、Per Analysis of data from CaseShiller and BlackKnight, 6/10 and 3/6 down markets per BK and CS are in CA, 13 counties land on riskiest market list per ATTOM房价调整目前是加州领跌
5、LA county has voted to phasing out eviction moratorium by end of 2022, leaving Alameda and Sonoma the only two counties still have EM
Mountain View city council approved policy which replacing old rent controlled units to new buildings, and keep the numbers of affordable units at MV, basically the new built will have to keep rent low/affordable 这样操作应该是违了Costa Hawkins Act 吧?!
6、Bed Bath Beyond is closing 150 stores to shore up its balance sheet, likewise FedEx is shutting 56 stores facing economy downturn. Starbucks is bucking the trend, opening 2000 stores in next 3 years