The Continued Growth of San Francisco’s Greater Downtown

by SocketSite

Of the record 71,000 residential units in the pipeline of development across San Francisco, roughly 10,000 of the units, or 14 percent, fall within the boundaries of the city’s Greater Downtown (which includes most of the burgeoning Transbay District but only a sliver of Central SoMa).  And of the 2,600 net-new residential units that came online in San Francisco last year, 34 percent (880) were built Downtown.

At the same time, according to the latest Monitoring Report for Downtown San Francisco, which will be presented to the City’s Planning Commission next week, the number of people working within the boundaries of the city’s old-school Downtown, the classic C-3 District as mapped above, increased 5.4 percent in 2018 to 294,000, which is up 26 percent since the end of 2011 (233,500) and represents 41 percent of the now 725,000 jobs in San Francisco (which is up 2.0 percent over the past year).

The share of all jobs citywide increases to 44 percent (321,000) when the Transbay and Downtown Residential districts (DTR) are included as well.

And once again, while a quick query of the report or underlying job data would suggest that the number of people working in Downtown offices only increased by 5 percent over the past year to 189,000, versus a 13 percent increase for people now employed in Production, Distribution and Repair (PDR) type jobs (37,000), a closer look at the raw data provided by the California Employment Development Department reveals that several large tech firms engaged in activities that may be considered PDR, the actual nature of work happening at their downtown locations “are likely office uses,” as we first noted last year.