Story perspectives

San Francisco rents hit $4,600 as vacancy falls 3.7%

8/21/2026

Summary

Story summary

Average asking rents in San Francisco rose to $4,600 a month, the nation’s costliest major market.
OpenAI became the city’s second-largest office tenant, behind Google, with Anthropic fourth.
San Francisco’s vacancy rate dropped to roughly 3.7%, according to Avison Young.
Median home price reached about $1.72 million in June, with single-family values up 17% YoY.
In December 2025 the city enacted the Family Zoning Plan, expanding areas for denser housing.

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Story summary

Average asking rents in San Francisco rose to $4,600 a month, the nation’s costliest major market.
OpenAI became the city’s second-largest office tenant, behind Google, with Anthropic fourth.
San Francisco’s vacancy rate dropped to roughly 3.7%, according to Avison Young.
Median home price reached about $1.72 million in June, with single-family values up 17% YoY.
In December 2025 the city enacted the Family Zoning Plan, expanding areas for denser housing.