Office, retail, industrial, and multifamily investment activity in San Francisco is at $1.5B in 2023, compared to $5-12B over the prior 10 years. That's 10-25% as much as the historical norm since the GFC. The reason is explained in: [[2024 is not the right time to start a residential fund in SF]]. ![[Pasted image 20240531175138.png]] [Source](https://www.costar.com/article/1294207674/pullback-by-institutional-investors-creates-buying-opportunity-in-san-francisco).