Hi Folks, after popular demand, this is going to be the first in a series of weekly posts reviewing San Francisco’s permitting activity last week. As always, these posts will be data driven. It is my hope that these are informative and interesting.
Last Week in Activity
For the 15th week of 2018, San Francisco either issued or received applications for 835 construction permits for a total of $181,966,393. That brings San Francisco to 11,693 permits and $958,521,508 in construction activity year to date.
Year over year - it is an increase of 11% in permits issued/filed (835 vs 750 permits) and a whopping 373% increase in cost of construction. 2017 had a relatively quiet week at $38,442,514 last year. At this point last year, year to date, San Francisco had issued 52,869 for $4,905,502,128, so while this was a big week relative to last year, we’re still sharply down from 2017.
The big reason for the year over year bump were a few relatively large permits. There was a beefy permit for $70,000,000 to construct a 7 story apartment building at 83 Harney Way, which is currently an empty lot by the old Candlestick Park site.
The next biggest permit was a $33,000,000 permit for 361 Turk and a separate $30,000,000 permit for 145 Leavenworth, which are adjacent to each other, to construct a 9 story apartment building on one unified lot.
The City also got in on the act. The Recreation and Park Department filed a $15,000,000 permit to construct a two story community center at 950 Golden Gate Ave.
These four permits combined for 81% of last weeks estimated construction cost, so removing these as outliers, we’re pretty close to last year’s total for the same time period.
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Data, as always, courtesy of Local Insights