There is no doubt that lofts are unique property types. They appeal to a small but dedicated audience. San Francisco has some truly amazing lofts that can tempt even the die-hardest of single family home advocates (like THIS spectacular loft).
There is also the category of loft that we refer to as “loft wanna-be’s”. These are often the cheaply built, cookie-cutter style lofts that are overflowing with Lee Press-On bricks and faux stucco facades. You’ll know when you’re standing in one of these developments, as you’ll feel like a stiff breeze might blow the building away like a feather in the wind. Or you might have the nagging feeling you’re somewhere in a San Jose suburb. Either way, it doesn’t take a genius to recognize quality. Tapping on bricks with your knuckles shouldn’t sound like you’re knocking on a hollow plastic bucket.
San Francisco, and SoMa in particular, has a blend of both loft types. Overall, we wanted to see if they were growing or diminishing in popularity. We tallied up how many condo & loft sales have taken place through May 1 of each year. Then we calculated how many of the total were attributed to SoMa loft sales. Here is what we found: Read the rest of this entry ?