A bustling economy and a worsening housing crisis isn't enough to inspire a building boom in San Francisco—quite the opposite in fact.
"Having peaked at 116 in 2014, the number of newly proposed plans for major developments in San Francisco has been trending down ever since, according to an article on the development-tracking website SocketSite.
"And with fewer than 20 preliminary proposals for major projects in the city having been submitted to San Francisco’s Planning Department since the beginning of the year, as mapped above and which is the fewest in the first five months of a year since 2011 (and 40 percent below the average since), we’re currently on track for a six-year low in activity."
The article notes that the potential approval of the Central SoMa plan could shift the trend, most of the projects coming soon to that area are already well along in the approval and development process, and won't change totals in the website's count.
Read the full story: Proposed Development in San Francisco Tracking a Six-Year Low
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