South of Market Now SF’s Most Valuable…

  • Beverly Barnett
  • 07/25/17

SF’s South of Market neighborhood now holds the title of the city’s highest-valued neighborhood. (Photo: Paul Chinn, The Chronicle)

​​​​​​​South of Market Now SF’s Most Valuable...

The construction of Salesforce Tower, the new Transbay Transit Center and a number of apartment towers helped push SoMa’s assessed value to around $17 billion, Assessor-Recorder Carmen Chu said. Historically, San Francisco’s Financial District, with its tall office buildings and commercial properties, held the title of the city’s highest-valued neighborhood. In San Francisco, the biggest contributing factor to this year’s growth spurt in valuation — 59 percent — came from real estate sales. When real estate prices are high, counties profit as properties change hands. The consultant who ran Supervisor Sandra Lee Fewer’s 2016 campaign is facing a state ethics complaint, alleging that he violated a law barring candidates from communicating…

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