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06/07/2024 In this issue of MarketRent™ powered by Clarendon, we spotlight how San Francisco's diverse neighborhoods exhibit varying levels of walkability, which greatly impacts rental prices. Studies show a strong correlation between high Walk Scores and higher rents, as renters are willing to pay for the convenience of pedestrian-friendly environments. Traditionally, the most walkable neighborhoods are also the most expensive. However, areas with improving pedestrian infrastructure could see increased desirability and rent hikes, making them attractive to investors and developers. We also share a variety of data tools and visualizations to help you understand the connection between walkability rental prices and development in San Francisco. |
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RESEARCH The Walkability Factor: Understanding its Impact on San Francisco Rental Markets |
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Walkability drives desirability in San Francisco's rental market, with higher Walk Scores linked to higher rents. Areas with improving pedestrian infrastructure could become hotspots, attracting renters and offering investment opportunities. Search by zip code to examine the impact of walkability on rental rates in San Francisco. |
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RESEARCH Explore: Development in Bayview/Visitacion Valley Neighborhoods |
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San Francisco's Bayview and Visitacion Valley neighborhoods are experiencing a surge of positive change. New housing, improved infrastructure, and exciting developments are transforming these districts into vibrant, diverse communities with a bright future. |
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