2016 Subway development boosts San Francisco’s real estate economy
September 01, 2015 - San Francisco
Most Chinese targeted San Francisco as their retirement destination. Starting from 19th to 20th century, influx of Asian immigrated to San Francisco. San Francisco’s Chinatown has sheltered for waves of Chinese immigrants for over a century.
New Central Subway is scheduled to open in Chinatown in San Francisco, the most densely populated community in 2019. It is expected to generate huge profit and attract further foreign investment in real estate after subway is ready and deployed. Associated Press pointed out new transit has put development pressures. San Francisco Subway development signals American development is going to boost economy and have an influence on real estate prices and rising rents. IT entrepreneurs keep their eyes on San Francisco’s offices and housing cost as a factor to start new businesses. San Francisco will face an unprecedented boom of high paid inbound IT talent and tech jobs which will further support the real estate and property boom in the San Francisco market.
PropGo Luxury Editorial Team
blog, San Francisco, real estate, United States