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S.F. condo sales soar amid fierce demand, low prices

San Francisco Chronicle


Tishman Speyer Senior Managing Director Carl Shannon said trade at the twisty white Jeanne Gang-designed Mira tower in downtown San Francisco is “vastly improved” over a year ago. So far this year, 50 condos have sold in the building, generating more than $75 million in sales, he said. The 391-unit tower is more than 50% sold.

 

“2021 has been fantastic for us,” he said. “We have seen the rate of absorption and pricing both improve dramatically. People are beginning to come back to San Francisco in a very real way. Every day and every week, the feeling on the streets downtown is better.”

 

Tishman Speyer recently broke ground on two new buildings at Mission Rock, across from Oracle Park. One of the buildings is pre-leased to Visa; the other will be apartments.

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