San Francisco

Data as of 2026 Q2

Selected: San Francisco

Cycle Summary

San Francisco sits in the Expansion phase, roughly between 8:00 and 10:00 on the cycle clock. This part of the cycle is typically associated with Optimism. That supports an Active investment posture: continue building exposure while maintaining discipline. The fundamental turn signal is steady, indicating that the model does not currently detect a meaningful change in direction, while credit conditions remain open and are not materially constraining market activity.

FUNDAMENTAL PHASE
Expansion
MARKET MOOD
Optimism
INVESTMENT POSTURE
Active

San Francisco — Cycle Position

Data as of 2026 Q2

ExpansionHypersupplyRecessionRecoveryTODAY9101112123456789
Fundamental Phase
Expansion
Market Mood
Optimism
Investment Posture
Active
Curves:FundamentalsMarket Mood
Investment Posture:AggressiveActiveCautiousDefensive
Current Range:

San Francisco — Cycle Clock

Data as of 2026 Q2

12369
Fundamental Phase:
Expansion
Market Mood:
Optimism
Investment Posture:
Active

San Francisco — Metro Detail

Data as of 2026 Q2

FundamentalsWhere the market is, where it is going, and what is already on the way.OccupancyTight but Softening100th percentileOccupancy TrendStrong and Improving97th percentileRent GrowthStrong and Accelerating98th percentileRent TrendStrong and Improving96th percentileSupplyMarket Norm but Rising61st percentileNo Clear Shift YetTurn SignalSteadyMarket MoodHow market belief is reflected in pricing, activity, and credit.Price GrowthStrong and Accelerating84th percentileTransaction VolumeThin and Slowing18th percentilePrice vs. ReplacementCheap but Rising3rd percentileLenders EasingNational CreditOpenEach category is ranked against the metro’s own historical range.