Investors are drawn by record-setting low borrowing costs and apartment vacancy rates in the San Francisco market that are drawing close to 2 percent?" UBS's fire sale of foreclosed Lembi properties is going better than previously expected. Investors find they don't have much opportunity for returns in other markets (stock market anyone?) and suddenly, collecting rent starts to look good again as San Francisco's residential vacancy rate hovers around 2%. Probably why we'll be seeing more new restaurants- ever wonder about the profit in that $18 plate of gnocchi you had last night? [The Registry]
Filed under:
Loading comments...