By Chris Zarpas, Zenger News

Commercial real estate investors face a lot of headwinds these days — remote work emptying downtown offices, ravaging inflation, rising interest rates, shrinking family sizes — but they may not be hedging for another “Great Migration.Of course, commercial estate investors see their business as cyclical, managing costs as markets bottom and bullishly chasing them when they climb. Real estate markets crash at varying velocities, and return, often with even greater vigor than before, as if by some natural law. But another “Great Migration” would be outside the natural swing of real estate markets.

A rapid decline in quality-of-life is draining American cities of its people and bleeding the revenue of both governments and investors. There are many reasons to leave major U.S. cities: surging violent crime, failing schools, climbing taxes, soaring housing costs, a sidewalk-occupying army of homeless.

The pandemic opened the door for remote work, which got many office workers asking “Why do I have to live within commuting distance?” Brooklynites have discovered that when they move to the Hudson Valley that they no longer have to pay New York City income tax, Manhattanites have discovered that sheltering in a Bucks County farmhouse means that honking horns no longer burst through their bedroom windows. Many more have discovered Florida, where they can trade away snow and state income taxes for humidity and hurricanes.

wearing a protective face mask walks by a going out of business sign displayed outside a retail store in midtown as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 8, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production. (Photo by Noam Galai/Getty Images)Getty Images

All of these revelations have produced the greatest exodus from America’s declining “super-cities” in more than 50 years. Fifty-four of the 88 largest-population U.S. cities reported population losses between 2020 and 2021, according to Brookings Institution data. By the end of 2022 only 37 of the largest cities reported ongoing losses, but among them were Los Angeles, Portland (Oregon), Seattle, and every major Northeast city — from Philadelphia to Boston, according to the Economic Innovation Group. City centers have hollowed out, with half-vacant hotels and acres of empty offices and storefronts. Offices now lead the distressed property category, surpassing even enclosed malls and suburban hotels. A new “Great Migration” is now underway.

Investors and mayors can debate who should worry more. Hundreds of billions in property value is being lost, as is tens of billions in tax revenue as city assessments are recalculated downward. Experienced investors, foreseeing this calamity, have amassed billions of dollars earmarked for acquiring mortgage notes secured by these declining properties. It’s a dangerous game because no one knows where the market’s bottom is, but fortunes can be made by the bold.

Some scholars refer to the “urban doom loop.” That’s when declining property and income tax revenue leads to reductions in city services — fire, police, water, sewers, and schools — which prompt a new wave of departures, further squeezing city revenues, starting the cycle again. At the end of the road is Detroit, 1989.

Cities lost some $360 billion due to lost tax revenues from 2020 to 2022, according to the National League of Cities. If the exodus of wealth continues, lower municipal bond ratings could escalate financial pressure on major cities, leading to default, according to credit analyst Merrit Research Services.

Consider the last “Great Migration.” Almost 30 million poor, rural — black and white — citizens from 1910 to 1970 fled the segregationist South and rural Appalachia to Northern industrial cities in search of a better life. That plentiful pool of labor fueled unprecedented prosperity for decades after World War II, much of which was concentrated in the Northeast and the midwestern heartland. As people moved, the fortunes of regions flourished or withered.

Now, in an ironic reversal, over two million Americans have relocated to the Southern U.S, most from the North, according to data from the U.S. Census Bureau, and the Economic Innovation Group. The Internal Revenue Service reviews tax returns annually to determine when and where taxpayers move. From 2020-2021 alone, Northeast states lost $60 billion in income tax revenue, while Florida, Texas, Georgia, the Carolinas, and Tennessee, gained $100 billion according to recent Internal Revenue Service wealth migration data. New York State alone lost 468,200 people, $24.4 billion, and one seat in Congress.

While some commercial real estate investors are betting on legacy city recovery, busily acquiring distressed assets, others are looking South for new opportunities. Of the top ten markets attracting the most commercial real-estate investment, eight are in Florida, Texas, Georgia, North Carolina, and Tennessee, according to Urban Land Institute and Price Waterhouse Cooper.

U.S. 1 on March 15, 2023 in Miami, Florida. As more people move to the Miami area, traffic gridlock is a source of frustration for drivers. According to a report released by INRIX’s 2022 Global Traffic Scorecard, Miami is ranked the fifth-most congested urban area in the U.S. (Photo by Joe Raedle/Getty Images)Getty Images

For the first time ever, in 2022, the GDP of those six southeastern states (23.8 percent) exceeded that of Washington, D.C. and all northeastern states from Maryland to Maine (22.4%).

Notably, three of those southern states- Florida, Texas, and Tennessee – have no state income tax, and all six have less burdensome regulatory environments than those up North.

Corporations have followed. Since 2020, Texas has gained more relocations than any other state except Florida, landing Tesla, Oracle, Caterpillar, and Hewlett Packard. Their workers who can do the math are eager to go. The standard of living that requires a $250,000 salary in New York City, requires only $94,603 in Houston according to financial services marketplace, NerdWallet.com.

For those who dismiss the idea of an urban doom loop caused by another “Great Migration” as pop culture nonsense, remember the urban doom loop has happened before. As the post-war American service economy grew, there began a slow-motion collapse of American manufacturing from 1950 to 1980, and urban devastation ensued. Between 1970 and 1980, New York City and Its suburbs lost 1.6 million people, 10% its population. The other cities of the Northeast corridor from DC to Boston, saw similar declines. Or, from another perspective, the seeming prosperity of Northeastern cities from 1990 to 2020 was an aberration and now those cities are returning to the earlier trend line.

Urban consultant Bruce Schaller recalls that period of urban decline from 1970 to 1980 when drugs, violent crime and poverty emptied city centers of those with the resources to flee, in a recent report titled “Boom Times or Doom Loop – America’s Future Post- Pandemic.” By 1974, New York City’s annual deficit had reached $487 million, its outstanding debt topped $13 billion, and the city was on the verge of bankruptcy. Every single day between 1970 and 1980, an average of 6 people were murdered and almost 250 assaulted and robbed, a rate 500% higher than that in 2022. If those crime rates return, cities would empty and investors would lose.

During that dark period, commercial real estate values collapsed. Thousands of owners of urban apartments, offices and retail spaces were wiped out. In the Bronx, perhaps the most devastated urban landscape in America, some landlords set fire to their properties to collect insurance money. Seven census tracts in the Bronx, between 1970 and 1980, lost more than 97 percent of their buildings to fire and abandonment, Schaller writes.

office building, Midtown Manhattan, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)UCG/Universal Images Group via Getty Images

The hoped for “full return to work” has failed to materialize, The result has been devastating. A report by researchers at NYU and Columbia– “Work From Home and the Office Real Estate Apocalypse;” sums up the damage. Soon after the pandemic began in 2020, office occupancy collapsed to 20% in major office markets. Occupancy has slowly recovered but is now stalled at 49.9%. Decreased daytime population coincided with increased crime. Compulsory pandemic face masks enabled a crime wave of shoplifting, carjacking, armed robbery, and burglary that is ongoing. In Metro DC, 1000 people were carjacked in 2022, a rate of almost three per day.

Brazen, organized gangs of shoplifters led essential retailers like CVS, Target, Walgreens, and Walmart to shutter stores, and lock up laundry detergent, toiletries and even ice cream.

Cities including DC, Philadelphia and New York have no cash bail policies that return recidivist criminals to the streets hours after an arrest, demoralizing shrunken police forces. The lawful became fearful, the lawless, fearless.

A 2021 study by Howard Chernick, at City University of New York’s Hunter College calculated the commercial real estate tax revenue of eight major cities. Including Atlanta, Chicago, Los Angeles, New York and San Francisco. In these cities, commercial real estate accounts for an average of 37% of these property taxes ranging from 26% in Los Angeles to 56% in Atlanta.

The future of America’s largest cities depends on the tax revenue paid, directly and indirectly, by commercial real estate investors. If those investors decide to invest more in the Sun Belt, the future of Northeastern cities will go south too.

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Zenger is the world’s first digitally native newswire. We are restoring the public’s trust in news media by strictly prohibiting the use of anonymous sources and by verifying everything that’s verifiable in the stories we distribute. America’s newsrooms are shrinking, but Zenger is putting jobless journalists back to work, providing wire stories to news outlets with no up-front cost and sharing advertising revenue with both. Our reporters, editors, photojournalists and videographers work in more than 110 countries—and we’re always searching for new talent.

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It’s the weekend and I’m dreaming of sushi. I’m Carolina A. Miranda, arts and design columnist at the Los Angeles Times, and I’m serving up all the nigiri with a side of essential arts news:

The narrative of the ‘unfixable’ city

In the United States, we have several hallowed cultural traditions: driving large cars, watching movies with lots of explosions and dumping on cities — the latter activity reaching a fever pitch during presidential election years. New York, Chicago and Los Angeles have all served as rhetorical whipping boys. Now, it is San Francisco‘s turn.

“San Francisco Falls Into the Abyss” reads a recent dispatch on the website of the conservative Hoover Institution. Earlier this month, Elon Musk described the city as “post-apocalyptic.” And now we have a report by Elizabeth Weil in Curbed that bears the ominous headline: “Spiraling in San Francisco’s Doom Loop: What it’s like to live in a city that no longer believes its problems can be fixed.”

The story opens with Salesforce CEO Marc Benioff surveying “his kingdom” from the top floor of the new Salesforce tower in 2019, before moving on to a kickboxer who has left S.F. for reasons. It concludes with the deep thought: “Now, it was clear tech wouldn’t save us. Tech wouldn’t even stay in town. I rode the bus around the city, scribbling in my notebook: face of god, face of GOD, trying to keep myself open to the world as it fell apart.” (I’m not sure if it was the author’s intent to make me laugh.)

Del Seymour, right, the unofficial Mayor of the Tenderloin, walks past a sleeping homeless man while leading a tour of the neighborhood in 2019.

(Genaro Molina / Los Angeles Times)

San Francisco — downtown San Francisco, to be specific — is facing some staggering urban problems generated, in part, by the pandemic. This was detailed in a lengthy report by the San Francisco Chronicle in March, which likewise used the “doom loop” narrative as a frame (though its story posits some solutions). The gist of it is this: As workers remain largely remote, offices remain underpopulated; downtown areas become ghost towns; neighborhood businesses close; the tax base shrinks, and with it social services, making the problems worse, leading more people to leave the city … and you get the idea.

The problem is not unique to San Francisco. COVID-19 has had a similar effect on business districts in other cities, such as New York and Los Angeles. But none have been hit quite as hard as San Francisco, which, according to the Chronicle, remains the emptiest office market in the nation. Some of this has to do with the way San Francisco is zoned (downtown remains almost entirely commercial). Some of it has to do with the fact that the city’s economic wagons have been hitched to high-earning knowledge workers who skipped off the moment the pandemic landed. And a lot of it has to do with the fact that the city has done little to make itself more hospitable to lower- and middle-income wage earners — the very people who are more likely to stick around a city for the long haul.

And the unhoused population? It is not new. It’s perhaps simply more visible now that downtown San Francisco has grown quiet. Just peep this informative 2019 story by Matthew Green at KQED about how four decades’ worth of San Francisco mayors have dealt with the issue. Interesting fact: Swathes of the Mid-Market area were cleared under Ed Lee‘s mayoralty in the 2010s to woo tech firms.

Tech not only didn’t save San Francisco. It was complicit in propping up the scrim that kept the messiness of city life out of view.

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What Weil’s story misses (besides a conversation with an actual urban planner) is that this difficult moment marks an opportunity for San Francisco to become a more equitable city. Not everyone is crying over the doom loop, which has brought down real estate prices from mind-numbingly astronomical to a hair above unaffordable. As the Chronicle’s Noah Arroyo notes in a recent report: “Some hope the decline will lower the cost of housing so they and others can afford to move to the city — or avoid having to leave — after persistently high prices pushed or kept them out for years, or had them barely making the rent.” His story concludes with a young woman who was able to return to the Mission to live near her parents.

SPUR, the San Francisco Bay Area Planning and Urban Research Association, has a list of four policy ideas for helping revitalize San Francisco’s downtown. Among them: diversifying land use and investing in public transit. I would also recommend this interview with sociologist David Madden by Alissa Walker (right in Curbed!), who notes that it’s a mistake to conflate the “urban general good and the good of downtown real-estate owners” — and proceeds to offer a host of ideas for how urban downtowns might reemerge from the pandemic.

In January, California State Assembly member Alex Lee (D-San Jose) introduced a bill to encourage the development of social housing in California — housing geared at accommodating a mix of household income ranges. It’d be interesting to consider how a statute of that nature could support commercial-to-residential conversions (and how those could be made affordable to the average mortal).

Weil writes that San Francisco needs a shared project: “museums, a university, people, community.” Housing for those communities would be a good place to start; museums, not so much. (Another interesting fact: SFMOMA and the Yerba Buena Center for the Arts were built on a literal graveyard of demolished single room occupancy hotels.)

An encampment at San Francisco’s Civic Center Plaza last year.

(Gary Coronado / Los Angeles Times)

The problems are big and will not be easy to resolve. But throwing our hands up in the air and shouting “doom loop” is not only unhelpful, it contributes to an anti-cities rhetoric that is often just thinly veiled racism.

For some, a San Francisco without a Whole Foods on Market Street is a hollowed-out city. For countless others, it was the tech wealth that did the hollowing to begin with — driving up rents, displacing communities, gutting longtime cultural and social services organizations.

In her 2000 book, “Hollow City: The Siege of San Francisco and the Crisis of American Urbanism,” Rebecca Solnit wrote about the ways the tech industry reshaped the landscape of her beloved city. Nearly a quarter-century later, the book reads like a road map to 2023.

“Wealth,” she writes, “has proven able to ravage cities as well as or better than poverty.”

In the galleries

“I think of the studio as a gut,” says artist Max Hooper Schneider, “and I’m like a digestive enzyme, circulating through it.” The artist is the subject of a solo at François Ghebaly gallery in downtown Los Angeles that will feature his “disorienting vistas.” Times contributor Leah Ollman describes these sculptures, which depict miniaturized worlds, as “microcosmic scenarios that allude to macrocosmic phenomena of ecological, biological, anthropological and sociological distress.” Sounds like she had quite the studio visit.

A detail from Max Hooper Schneider’s “Diving Bells” series.

(Gary Coronado / Los Angeles Times)

“Witness” is a group show on view at the WACO Theater Center that brings together 14 Black women and nonbinary artists exploring the ways they see themselves. Organized by Tina Knowles Lawson and Genel Ambrose, it was inspired in part by a passage from a 1971 essay by Toni Morrison: “And she had nothing to fall back on: not maleness, not whiteness, not ladyhood, not anything. And out of the profound desolation of her reality she may very well have invented herself.” Contributor Leigh-Ann Jackson reports on the work and inspirations of the artists involved in the show.

Long Beach is moving forward on plans to establish a Cambodian American Cultural Center. The next step includes establishing a nonprofit to coordinate finding a location, raising funds and developing programming.

Classical notes

Remember that story about a woman reportedly having an orgasm while listening to the L.A. Phil? My colleague Steven Vargas follows up with a short history on how audiences have responded to performances historically. “Sitting in complete silence while taking in a theatrical performance,” he reports, “is a fairly new phenomenon.” His story is a fascinating trip that covers sexist 19th century theories about women and music as well as anecdotes of restive crowds throwing food at the stage.

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Department of delayed apologies

In 2000, my colleague Deborah Vankin sat down to profile writer Thomas Beller for L.A. Weekly. He was really late and not very nice. (You can read that profile here and it is very much worth it.) Twenty-three years later he’s back with a new book, “Lost in the Game: A Book About Basketball” — as well as an apology for Vankin, who is now a staffer at The Times. “How much of Beller’s apology was a play for book event publicity?,” writes the wary Vankin. “While I don’t fault any author for being proactive about DIY publicity in these days of cash-strapped publishing, bundling it into a retroactive apology felt dubious.” A story about an apology that is also a story about where we all were in 2000. (Checking voicemail and reading dude lit.)

Design time

A design evoking a stark ghost forest has been chosen as the winning concept for a memorial to honor the victims of the Chinese Massacre of 1871. Devised by artist Sze Tsung Nicolás Leong and writer Judy Chui-Hua Chang, the concept was inspired by the banyan trees that guard the entrances to villages in Guangdong, where many early Chinese immigrants to L.A. originated.

An eight-member evaluation panel chose a winning design to mark L.A.’s 1871 Chinese Massacre.

(Sze Tsung Nicolás Leong and Judy Chui-Hua Chung)

Can downtown L.A.’s garment industry survive the downtown condo boom? David Wagner has an interesting story in LAist.

Essential happenings

The Times’ summer preview section lands this weekend and The Times fine arts team has put together a list of essentials so you can plan the season — from performances at the Hollywood Bowl to a show at the Cheech.

Summer is coming!

(Illustration by David Milan / For The Times; photos KO_OP; Warner Bros. Pictures; Catapult; Viking; Eli and Edith Broad Collection; Getty Images; Apple TV)

In his weekly L.A. Goes Out newsletter, Steven Vargas rounds up the latest art happenings, including performances by L.A. Dance Project and Blue13 Dance Company.

Matt Cooper has all the Mother’s Day events, including mom-themed comedy shows and musicals, as well as a Mother’s Day recital by the Seal Beach Symphony on Sunday.

And Marsha Takeda-Morrison has compiled a roundup of 10 important L.A. buildings you can visit on a tour.

Moves

The Getty announced this week that it will be issuing an additional $17 million in grants for arts organizations for the next iteration of Pacific Standard Time and tweaking the initiative’s name to “PST Art.” The next series, which will launch in September 2024, is focused on the juncture of art and science. The Times’ Deborah Vankin has the lowdown on the shows being planned.

There are lots of staffing changes at the Hammer Museum. Chief curator Connie Butler is leaving to become director of MoMA PS1 in New York and senior curator Aram Moshayedi will be headed to Mexico City to serve as curator in residence at the Tamayo Museum (though he will remain at the Hammer as an adjunct). Joining the museum full-time will be Pablo José Ramírez, who is serving as co-curator of the upcoming Hammer biennial. Plus, Erin Christovale has been bumped up to curator. The Times’ Christopher Knight gets into all the changes.

Connie Butler, Hammer chief curator since 2013, has been tapped to become director of MoMA PS1.

(Mark Hanauer)

Margaret Tracey, formerly a New York City Ballet principal and director of Boston Ballet School, has been named dean of the Trudl Zipper Dance Institute at the Colburn School.

The Ford Foundation is teaming up with the Alice L. Walton Foundation, the Mellon Foundation and Pilot House Philanthropy to fund an initiative that will support racial equity in leadership roles in art museums.

The Ruth Foundation for the Arts has announced its 2023 grant recipients, which this year include the World Stage in Leimert Park and the Chinatown art space Human Resources L.A.

Arts Orange County has announced its 2023 honorees for its annual art awards; they include flamenco dancer Claudia de la Cruz and patron Jane Fujishige Yada.

The Huntington has acquired a landscape by David Hockney, “Tree on Woldgate, 6 March,” 2006 — a gift made in honor of the late L.A. art book dealer Dagny Janss Corcoran.

Pulitzer Prizes

The Times won not one but two Pulitzer Prizes this week! One was for a team of reporters that worked on a package of stories related to the city council leaks; another went to one of my regular collaborators, Christina House, for her stellar feature photography.

Two novels — Barbara Kingsolver‘s “Demon Copperhead” and Hernan Diaz‘s “Trust” — shared the prize for fiction, while Robert Samuels and Toluse Olorunnipa‘s “His Name Is George Floyd” nabbed the award for nonfiction. Hua Hsu‘s “Stray True” won for memoir. The Times’ Jonah Valdez reports on some of the other winning book categories, including biography, history and poetry.

Plus, Rhiannon Giddens and Michael Abels took home the prize for music, for their opera “Omar.” When the opera was presented in L.A. last fall, Times theater critic Charles McNulty wrote that “of all the music being composed today, hers might be the clearest expression of the American experiment, in all its varied hues and tonalities.”

Rhiannon Giddens in 2019.

(Rick Loomis / For The Times)

Passages

Chris Strachwitz, a historian who traveled the United State in search of little-known performers for the Arhoolie label, has died at 91.

MTV News, the outlet that covered everything from presidential elections to the VMAs, in the process becoming a Gen-X cultural touchstone, has been shut down by Paramount Global after four decades. Former VJ Dave Holmes pays tribute.

I’d like to give a shout-out to this great MTV News piece from 2017 by Marcus Patrick Ellsworth about a pride parade in Casper, Wyo. — a dispatch that has stayed with me.

In the news

— The best essay I’ve read on the coronation is by Canadian novelist Stephen Marche.
— A profile of Lesley Lokko, the first curator of African descent to curate the Venice Architecture Biennale.
— Architecture critic Alexandra Lange dives into the expansion of the American Museum of Natural History by Studio Gang. The building, she writes, “feels like a valiant attempt to reconcile a 150-plus-year-old museum’s worth of contradictions.”
— The home as Amazon distribution warehouse: Kelly Pendergrast on Khloe Kardashian’s pantry and much much more.
— “New Angle: Voice” devotes its latest episode to Ada Louise Huxtable, whose archives are held at the Getty.
— Is national conflict good for artmaking? Pablo Helguera dives in with an essay about art, cultural stereotypes and the history of cuckoo clocks.
— Speaking of clocks, the film noir classic “The Big Clock” features a character partly inspired by Alice Neel. A good jam from Ben Davis.
— New York’s Metropolitan Museum of Art is hiring a provenance research team to review the collection in the wake of seizures by law enforcement.
— I didn’t know much about “king of toxic masculinity” Andrew Tate when he was arrested in Romania, so the four-part series on his rise by the “Behind the Bastards” podcast was illuminating. Start with Episode 1, which gets into the mythopoetic men’s movement that set the stage for Tate and his ilk.

And last but not least …

I’m here for the 1970s Walk of Fame photos of Ave Pildas.

The post Tales on San Francisco’s “doom loop” overlook alternative appeared first on DAILY SAN FRANCISCO BAY NEWS.

The scenario couldn’t have been better, the stage set for the 76ers with a game six at home to end the series against heavy-betting favorites Boston Celtics. The Sixers had gained home field advantage by defeating the Celtics in games one and five in Boston. On the same Thursday evening that tThe Eagles’ 2023 schedule has been released, Taylor Swift is in town too and it was a beautiful day in South Jersey! As the Sixers fans thronged the Wells Fargo Center along with current athletes and Philly celebrities, they were in attendance. What could go wrong? I’ll tell you what went wrong: The Sixers came out flat, shooting an unacceptable 36 percent and making just eight three-pointers in a 95-86 loss. Now the Sixers must return to Boston for Game 7 on Sunday and try to reach their first Eastern Conference Finals in over 20 years on Mother’s Day! Sixers head coach Doc Rivers will make his 16th head coaching appearance in a seventh game of the NBA playoffs; Rivers has a 6-9 record in game seven in his coaching career.

The Phillies have won three straight games, thanks in part to their win over the Toronto Blue Jays in Philadelphia, and are starting a three-game streak against the Rockies in Colorado tonight before traveling to San Francisco to take on the Giants play. The Phillies are currently third in the National League East with a record of 18-19. This is also the SAME record that the Phillies had in their first 37 games at the start of last season!

The Eagles’ 2023 NFL season schedule was released Thursday, and we’ll be taking a closer look at the Birds’ opponents for the upcoming season!

On Saturday’s show: Mike Carlin join me in the studio as we analyze the Sixers’ loss in Game 6 and prepare you for Game 7 against the Celtics on Sunday. Sports book consultant Dave Sharapan calls from Las Vegas. The Book delves into who is the favorite to win the NBA and NHL championships midway through the playoffs. In the second hour we talk Phillies’ Baseball and Eagles’ Football and take your texts on all things Philly Sports at 609-403. 0973.

Josh Hennig will host plus with me on Sunday’s show “The intern” Andrew leads will accompany me in the studio as we prepare for the Sixers’ seventh game on Sunday against rival Celtics in Boston. We go every Sunday “On the hill” with former Phillies pitcher Tommy Greene presented by the John R. Elliott Hero campaign for designated drivers. Tommy discusses the latest developments at the Phillies this season. In the second hour, we’ll continue to prepare you for the afternoon action of the Sixers and Phillies, as well as talk about the Eagles and a couple of Flyers.

All that and more this weekend The Locker Room with Billy Schweim – Tune in every Saturday and Sunday from 10am to 12pm on 973 ESPN South Jersey!

Learn about Cape May County’s breweries (in alphabetical order)

The post Sixers Waste Golden Alternative and Put together for Recreation 7 on Sunday appeared first on DAILY SAN FRANCISCO BAY NEWS.

NEW YORK, June 14, 2022 /PRNewswire/ — The heating ventilation and air conditioning (HVAC) market size is expected to grow by USD 68.8 billion, progressing at a CAGR of 6.57% from 2020 to 2025 according to the latest market report by Technavio. The growing construction sector is notably driving the heating ventilation and air conditioning market growth. The construction sector plays a major role in driving the demand for HVAC systems. With the increase in the construction of commercial and residential buildings, the demand for HVAC equipment and services has been increasing, thereby driving the growth of the global Heating, Ventilation, and Air Conditioning (HVAC) market. The construction industry is expanding significantly across the globe. There are a lot of factors leading to the expansion of the construction industry. APAC is the major market for construction and is expected to grow at the highest rate during the forecast period. The primary reason for the growth is the ongoing developments in the infrastructure and real estate sectors in the region. The commercial building sector has seen an upswing in office construction activities, particularly for the technology and finance firms. This is due to an increase in private investments. Similarly, hotel and hospital construction activities will propel the demand for HVAC systems.

Technavio has announced its latest market research report titled HVAC Market by End-user, Type, and Geography – Forecast and Analysis 2021-2025

To know about more drivers along with the market challenges -Download a Sample Report in MINUTES

Heating Ventilation And Air Conditioning Market: Segmentation Analysis

Technavio report extensively covers heating ventilation and air conditioning market segmentation by end-user (non-residential and residential), type (HVAC equipment and HVAC services), and geography (APAC, NorthAmerica, EuropeMEA, and South America)

End user landscape

• By end-user, they are classified as non-residential and residential.

• The heating ventilation and air conditioning market share growth by the non-residential segment will be significant for revenue generation.

• An increase in the construction of these end-users will drive the growth of the global heating, ventilation and air conditioning (HVAC) market. Owing to the adoption of green technology, the demand for HVAC units has increased simultaneously as they help in energy savings. The rise in the number of net-zero buildings is the major trend in the construction business.

Story continues

Geographic Landscape

• By Geography, they are classified into APAC, NorthAmerica, EuropeMEA, and South America.

• 58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the heating ventilation and air conditioning market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

• The growing population, climatic conditions, increasing urbanization, and demographic changes will facilitate the heating ventilation, and air conditioning market growth in APAC over the forecast period.

For more details on segmentation along with type segment landscape -Download a sample now!

Vendor Analysis:

The heating ventilation and air conditioning market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Carrier Global Corp.

• Daikin Industries Ltd.

• Danfoss AS

• Haier Smart Home Co.Ltd.

• Johnson Controls International Plc

• Lennox International Inc.

• LG Electronics Inc.

• Midea Group Co.Ltd.

• Samsung Electronics Co.Ltd.

• Trane Technologies Plc

• For vendor offerings -Click to Download a sample!

Get ready to achieve excellent business outcomes from this exclusive Heating Ventilation And Air Conditioning (HVAC) Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

• What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

• What is the current trend taking place in the market space?|

• Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

• What are market drivers, restraints, and challenges impacting demand & growth of the market?

• Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Heating Ventilation And Air Conditioning (HVAC) Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, make a strategic approach & boost your business goals with our Heating Ventilation And Air Conditioning (HVAC) Market Forecast Report – Buy Now!

Related Reports:

• The energy-efficient HVAC systems market share is expected to increase by USD 24.37 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.02%. Download a sample now!

• The HVAC terminal units market size is expected to be valued at USD 1.41 billion by 2026 with a progressive CAGR of 5.05%. Download a sample now!

Table of Content

1 executive summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market segmentation by end user

6 Market segmentation by type

7 customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor analysis

12 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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JASON WILDE For the State Journal

GREEN BAY — In a 2021 Green Bay Packers season filled with feel-good stories — inside linebacker De’Vondre Campbell going from on-the-street free agent to first-team All-Pro, cornerback Rasul Douglas intercepting a team-high five passes while finding a home with his sixth team in two years — Yosh Nijman might’ve been the best of the bunch.

Until the end, anyway. That was anything but storybook.

During the regular season, the Packers little-known gentle giant offensive lineman had been a godsend, stepping in at left tackle when five-time All-Pro David Bakhtiari developed problems with the surgically repaired ACL in his left knee, and Pro Bowl left guard -turned-left tackle Elgton Jenkins missed time with an ankle injury and then was lost for the season to a torn ACL in his left knee in November.

Nijman, who’d played only 14 career offensive snaps before last year, wound up starting eight regular-season games and playing 590 offensive snaps (52.9%), blocking some of the NFL’s best edge rushers (Pittsburgh’s TJ Watt, San Francisco’s Nick Bosa , Cleveland’s Myles Garrett and the Los Angeles Rams’ Von Miller among them) while giving up three sacks and 20 total pressures according to Pro Football Focus.

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While his PFF grade (63.6) wasn’t elite like those of Bakhtiari and Jenkins in past years, Nijman more than held his own while protecting the blindside of quarterback Aaron Rodgerswho would go on to win his second straight and fourth overall NFL MVP award.

And, Nijman’s PFF grade was still higher than three of his linemates who started games — center Josh Myers (54.9), guard Royce Newman (55.7), center/guard Lucas Patrick (57.2) — and slightly below those of guard Jon Runyan (64.6 ) and right tackle Billy Turner (66.2).

But leading into the team’s NFC divisional round game against the 49ers, Adam Stenavich — now the team’s offensive coordinator, but the offensive line coach at the time — decided to reshuffle the line instead of keeping the status quo with Nijman at left tackle.

With Turner returning from a knee injury, Stenavich opted to shift Turner to left tackle and start veteran Dennis Kelly, who’d played well in 4½ games in Turner’s place at right tackle, on the right side.

Turner struggled, Rodgers absorbed five sacks and was under pressure most of the game, and the Packers’ season ended with a 13-10 loss to the 49ers at Lambeau Field.

“I think (it was a matter of) just going with the most experienced guys,” Stenavich explained earlier this offseason. “My perspective on the whole thing was just going with the most experienced, toughest, hard-nosed guys for that kind of a game.

“Just the kind of game it was going to be, I thought it was going to be a pretty good slugfest. That was my decision as an offensive line coach at the time and I think everyone was on board with it.”

Then, after a pause Stenavich added, “It is what it is.”

As the Packers got ready to kick off their second week of organized team activity practices on Tuesday, Nijman hadn’t shown any signs of lingering frustration or bitterness.

The same guy who had to correct coach Matt LaFleur on his name as an undrafted free agent in 2019, who told All-Pro wide receiver Davante Adams what a “blessing” it was just to be on the field when Jenkins was injured and entertained teammates with his “giant robot” celebration doesn’t seem to have let last season’s disappointment affect him.

“Everything,” Nijman replied last week when asked in what ways he’s different from this time last year. “This is my fourth year now. As a rookie three years ago, scrambling into meetings and all around the building, for me, it’s more so being a helping hand for those (younger) guys now. … At this point I know most things.”

He also knows the opportunity he has in front of him. With Bakhtiari and Jenkins both still relegated to spectators at OTAs, the No. 1 group that lined up in front of backup quarterback Jordan Love (with Rodgers not attending the first week of OTAs) had Nijman at left tackle, Runyan at left guard, Myers at center, Newman at right guard and Cole Van Lanen at right tackle.

“With Yosh, you’ve got to give him a lot of credit through the last three years, just his work ethic and his consistency working. I think he just needed an opportunity,” general manager Brian Gutekunst said. “It’s probably as much my fault as anybody. We kept bringing in veteran guys at tackle to shore up that third tackle spot, which never really gave him the opportunity. Once he got the opportunity, he certainly performed exceptionally well.”

With last year’s game experience, Nijman should be the leading candidate to start at right tackle in the Sept. 11 season opener at Minnesota if Bakhtiari finally returns to the lineup but Jenkins isn’t ready and starts out on the physically unable to perform list — especially with Turner, Kelly and Patrick playing with new teams this season.

Once Jenkins is healthy, the Packers will have to decide whether to play him at his previous position (left guard) or move him to right tackle and keep Runyan at left guard, leaving Nijman as the swing tackle backing up both spots.

“We’ll figure all that stuff out. I think if Yosh works at it, Yosh can do whatever he wants,” new line coach Luke Butkus said. “He’s going to have an opportunity.”

With Stenavich having challenged Nijman to take “the next step forward” and prove to the coaches that they can “count on him to be a reliable starter,” Nijman understands nothing will be given to him and that training camp and preseason games will be his proving ground — especially with Gutekunst having picked nine offensive linemen in the past three drafts to elevate the line competition significantly.

“Yosh, he’s a great human being. And then seeing how hard he works (was impressive),” Butkus said. “Every day after practice, I was given the opportunity to work with the young guys. And to see how far he’s come in the last three years is really cool.

“I’m excited, and I think he’s got a huge upside.”

Photos: Green Bay Packers put in offseason work during organized team activities

Linebacker Ellis Brooks stretches during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Linebacker Caliph Brice stretches during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Backup quarterback Jordan Love stretches during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Cornerback Shemar Jean-Charles runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Backup quarterback Jordan Love runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie running back Tyler Goodson runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Defensive lineman TJ Slaton runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Running back Aaron Jones runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Green Bay head coach Matt LaFleur throws a pass during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie defensive lineman Jonathan Ford runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Linebacker Ty Summers runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Safety Shawn Davis runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Safety Vernon Scott runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Green Bay head coach Matt LaFleur throws a pass during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Cornerback Eric Stokes runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie cornerback Raleigh Texada runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Tight end Alizé Mack runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Tight end Tyler Davis runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie defensive lineman Devonte Wyatt runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Wide receiver Randall Cobb runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie wide receiver Christian Watson runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Linebackers Ray Wilborn and Ty Summers run a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Tight end Dominique Dafney runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie wide receiver Romeo Doubs runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie wide receiver Christian Watson runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Wide receiver Malik Taylor runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Wide receiver Juwann Winfree runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Rookie linebacker Caliph Brice stretches during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Center Jake Hanson stretches during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

Running back AJ Dillon runs a drill during a Packers training camp practice Tuesday, May 24, 2022, in Green Bay.

MORRY GASH, ASSOCIATED PRESS

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Market status –

This research report analyzes the “Global HVAC Filters Market”It is segmented into three parts. The report summarizes and presents the findings of an assessment conducted by Rowelto Associates in the field of HVAC Filterss from a global perspective. This report analyzes the global HVAC Filters market in detail by type, category, end-use, and geography.

The report provides a graphical representation of the current market size for HVAC Filters, identifies trends, and forecasts growth for the next years, from 2020 to 2028. The historical year for this study will be 2020, and the base year will be 2021. The report’s forecast period runs from 2022 to 2028. Unless otherwise specified, all market revenue figures are in US dollars. The demand side of the market is examined, with global HVAC Filters sales taken into account. This research report’s primary focus is on the current market trends, opportunities, future potentials, and competition in the global HVAC Filters market. Additionally, it provides market insights and analysis for the HVAC Filters market, such as adoption rates, market dynamics, and competitive analysis of the industry’s leading players.

Customer acquisition is an important aspect for making a product successful and this can be achieved with such market report. Getting data from the target market through HVAC Filters market research report can be a source of creating concrete and long

• term marketing plans. All small and large organizations require market report to gather feedback from their target audience regularly mainly in terms of customer experience, satisfaction, expectations etc. Market report plays very influential role in understanding where to test new products or services. HVAC Filters Market report provides with a platform to analyze the scope of success of upcoming products and make changes in strategizing the product according to the feedback they receive.

Download HVAC Filters Market Free Report Sample: https://roweltoassociates.com/sample/25646

Global HVAC Filters Market Report provide in-depth information about the Leading Competitors involved in this report:

PARKER HANNIFIN CORP, Ahlstrom-Munksj¶, DHA Filter, Filtration Group Corporation, Freudenberg Filtration Technologies SE and Co. KG, General Filter Havak, Hollingsworth and Vose, Mann+Hummel, Sandler AG, Troy Filters Ltd.

The Report Design

Historical and current market data is compiled from a variety of sources, including paid databases (such as Factiva), publications, Hoovers, investor presentations, newsletters, SEC archives, and annual reports. Additionally, various associations, institutes, societies, and organizations associated with the research studies are consulted for market data, including the European Commission, the United States Environmental Protection Agency, the Department of Energy, ComTrade, and the World Bank. Additional sources of information include white papers, journals, magazines, articles, and other comparable market data. When generating future predictions, the penetrations of its use in different regions are considered (5 to 10 years out). To forecast the future market, the future significant advancements and strategy plans of major market participants are considered. Primary interviews with market participants elicit additional information, including growth prospects, pricing validations, growth factors, market dynamics, and segmentation confirmation.

This report segments the Global HVAC Filters Market

HVAC Filters market is segmented on the basis of module type and end user application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

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On the basis of module type, the HVAC Filters market is segmented into,

• By material
• fiberglass
• synthetic polymer
• carbon
• metal

The end user application segment for HVAC Filters market is segmented into

• By End Use Industry
• Building and Construction
• Pharmaceutical
• Food and Beverage
• automotive
• Others

Regional Outlook

The current scope of the study includes the total market size for North America, Europe, Asia Pacific, the Middle East and Africa, as well as South and Central America. Numerous country-specific factors are considered, including the presence of vendors (ie, headquarters and offices), the country’s GDP, population, end-user base, and spending power, as well as the presence and penetration of HVAC Filters industries, verticals, and enterprises (SME, Mid-size, and Large) (SME, Mid-size, and Large). Numerous growth drivers and deterrents associated with a particular solution or service, its end-user base, and current market trends are investigated in order to gain a better understanding of a country’s market dynamics. The factors mentioned above aid in evaluating the overall market’s growth potential in a particular country.

Read Summary Of the report @ https://roweltoassociates.com/report/25646/hvac-filters-market

Objectives of Study:

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global HVAC Filters market.
• To provide insights about factors affecting the market growth. To analyze the HVAC Filters market based on various factors-price analysis, supply chain analysis, Porte five force analysis etc.
• To provide historically and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries-North America, Europe, Asia, Latin America and Rest of the World.
• To provide country-level analysis of the market with respect to the current market size and future prospective.
• To provide country-level analysis of the market for segment by application, product type and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global HVAC Filters market.

Direct Purchase Full Market Research Report @ https://roweltoassociates.com/checkout?reportId=25646&&usert=su

Company profiles

Rowelto provides high-quality market research services at a convenient cost. We are a global leader in market research, able to reach as many nations as feasible. We provide one-of-a-kind data collection services in various industries and ensure that our insights are unique and objective. We’ve assembled a global research unit and advisors familiar with your role, company, and sector.

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FACTS AT A GLANCE
Edition: 4; Published: April 2021
Executive pool: 758
Companies: 36 – Players Covered include Daikin Industries; Delta controls; Distech controls; Emerson Electric; Honeywell; Ingerrsoll-Rand; Jackson Systems; Johnson Controls; KMC controls; Lennox; LG electronics; Peco; Schneider Electric; Siemens; United Technologies and others.
Coverage: All major regions and key segments
Segments: System (temperature and humidity control, ventilation control, integrated control); Application (residential, commercial, industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.

Free Project Preview – This is an ongoing global program. Check out our research program before making a purchase decision. We offer free access to qualified executives in the areas of strategy, business development, sales and marketing as well as product management at selected companies. Previews provide insider access to business trends; competitive brands; Domain expert profiles; and market data templates and much more. You can also create your own bespoke report using our MarketGlass platform which offers thousands of bytes of data without the need to purchase our report. Registration preview

ABSTRACT-

Reaching Global HVAC Controls Market $ 30.2 billion by 2026
Amid the COVID-19 crisis, the global HVAC control market is valued at $ 16.1 billion in 2020 is expected to reach a revised size of $ 30.2 billion until 2026 with a CAGR of 10.9% in the analysis period. Temperature and Humidity Control, one of the segments analyzed in the report, is expected to have a 11.9% CAGR and range $ 14.7 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and its triggered economic crisis, the Ventilation Control segment’s growth will be adjusted to a revised CAGR of 9.8% for the next 7 year period.

The US market is estimated at $ 4.8 billion in 2021, while China is expected to reach $ 6.3 billion by 2026
The US HVAC control market is estimated at $ 4.8 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 6.3 billion by 2026 with a CAGR of 14.5% in the analysis period. Other notable geographic markets include Japan and Canadawho forecast a growth of 7.4% and 9.4% respectively in the analysis period. Within Europe, Germany is forecast to grow about 8.5% CAGR.

Achieve integrated control segment $ 7.1 billion by 2026
In the global Integrated Control segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 9.9% for this segment. These regional markets make a combined market size of $ 2.9 billion in 2020 a forecast size of $ 5.6 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More

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Our platform is free for qualified executives and accessible through our website www.StrategyR.com or through our recently released mobile application for iOS or Android

About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc. (www.strategyr.com) is a renowned research publisher and the only influential research company in the world. GIA proudly serves more than 42,000 customers from 36 countries and has been known for accurate market and industry forecasting for over 33 years.

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Zak Ali
Director, corporate communications
Global Industry Analysts, Inc.
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After the coronavirus pandemic temporarily halted years of glowing price momentum, San Francisco is now regaining its reputation as a figurehead for overheated real estate markets on the coast.

But as the luxury market rebounds, a window of time remains for buyers of high-end condominiums – a segment that is appreciating more slowly than the feverishly sought-after single-family home market – meaning now is the time for savvy investors to strike a deal.

“This is an opportunistic time for buyers in the San Francisco housing market,” said Krysen Heathwood, senior managing director of Compass Development Marketing Group, the broker’s new development arm.

“The value in this segment is great because prices have not yet risen as much as for single-family homes – not yet. With that in mind, condominium prices have almost returned to their 2019 and early 2020 prices, demonstrating the desire for this type of product, ”she said.

High-end condominium prices are rising more slowly

Overall, San Francisco luxury home prices rose 20% year over year in July to a median of $ 6.27 million, according to data provided by realtor.com to Mansion Global. (Mansion Global is owned by Dow Jones. Both Dow Jones and realtor.com are owned by News Corp.)

However, a closer look at the composition of this jump reveals a discrepancy in the real estate segment.

While list prices for single-family homes rose a dramatic 30% year over year to a typical $ 10.65 million in July, condo prices fell 2.4% to $ 3.86 million over the same period.

“Given the current prices, this is a very good opportunity,” said Selma Hepp, Deputy Chief Economist at CoreLogic.

Like many of the world’s most populous cities, the high-end condominium market in San Francisco has been hit hard by the coronavirus pandemic. Uneasiness about sharing spaces, limited square footage, and a lack of green spaces quickly put apartment living out of favor.

But “even before Covid, the market for luxury apartments in San Francisco was volatile,” said Ms. Hepp. “It really depended on what was happening internationally, it depended on the stock market. So it’s not really about the pandemic – of course it plays a big role – but it’s not just about the pandemic. “

The general slump in condominium demand that the pandemic brought about; fewer international buyers; a shortage of empty nests that will be scaled down to the city during the pandemic; and slower IPO activity over the past year, which resulted in fewer newly minted buyers, all contribute to the comparatively sluggish rise in condominium prices, Ms. Hepp said.

And while there is less competition than usual in the city’s housing market, “it’s definitely picking up pace from where we were last summer,” she added.

Although prices can be sluggish, the demand is there

As buyers return to the cities, fueled by strong housing market fundamentals and the introduction of the coronavirus vaccine, high-end property sales this year have grown significantly year over year.

“People just didn’t want to be in big buildings,” said Robert Callan of Sotheby’s International Realty – San Francisco Brokerage. “They wanted more space, a lot of people just moved into bigger houses.”

But “people keep coming back,” he said. “If you’re a city dweller, somehow come back here,” he said.

Overall, San Francisco saw 2,543 luxury home sales – defined as those in the top 5% of the market – from April to May, up 154% year over year, according to realtor.com data.

Spacious condominiums made up the largest proportion of these deals. There were 1,333 luxury condominium sales from April through May, up 162% from 2020, the data showed.

“The entire market is now recovering,” said Mr. Callan. “I’ve seen a lot of second home buyers buying condos, buying pied-à-terres in San Francisco, and simply moving from a smaller apartment to a larger one – especially if they want the service.”

“We have people moving from the suburbs to the city and into a luxury building,” he added. “You want to be among people.”

The renewed popularity of city life – a fluctuating metric due to ongoing decisions about returning to the office – has, according to Ms. Hepp. has already begun to drive up rental prices, especially for luxury apartments

“It is encouraging to see rental prices recover,” she said, and those gains will quickly be reflected in condominium prices.

“A general look at economic fundamentals suggests that it is still a very optimistic place for homebuyers,” added Ms. Hepp, noting that Corelogic had projected California house prices to drop at 7am by June 2022. 5% will rise, far exceeding their national forecast. of 3.2%.

“California is still where inventories are so low, and the presence of venture capital activities and startups – it’s still the epicenter in the US,” she said. “You may not see the growth rates we’ve seen in previous years, but you will get your money back.”

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The San Francisco Ballet ends its hugely successful 2021 digital season by revisiting the classic Swan Lake in a production choreographed by Artistic Director Helgi Tomasson in 2009 and videotaped in 2016. Swan Lake is a particular favorite of mine so I was sincerely looking forward to seeing it again and would like to report that the SFB is finishing its season on a high level. Unfortunately, that’s not quite the case here. Instead, it was a bit like meeting a long-lost friend who is in a difficult situation. It’s still nice to see them, but they seem to be missing part of the spring in their crotch.

While some of the usual virtues of a swan lake are loud and clear in this video recording – the soaring, turbulent Tchaikovsky score, a first-class ballerina who takes on the devilishly difficult double role of Odette-Odile, the exuberant foursome, from interlocking cygnets – this is the only program in the entire SFB season that suffers most from the digital format. The camera lens tends to flatten and condense the expanse of the War Memorial Opera House’s stage, so that even if it has dozens of dancers in it, the image looks somehow malnourished and strangely pale. The camera is also unable to capture the full contrast of the white swan costumes against the dark backdrops, reducing the nuance and artistry of the SFB’s stunning corps de ballet and registering them more as white silhouettes. This is particularly problematic in the rightly famous Act II, in which the stage is full of swans blowing across the stage in ever-changing geometric formations. Here they often read more than a kind of indistinct white mass. And in close-ups, the strong white versus black visual motif unfortunately highlights even the slightest unsynchronized movement. A single swan moves an arm an inch too high and suddenly your gaze is drawn to a tiny inconsistency that you would never notice in the theater.

OK, enough focus on what is slightly different. On the plus side, we still get a lush staging of an incredibly fun ballet. All the famous set pieces are here – this perfectly choreographed second “white act” with its wonderfully moving portrayal of improbable love, the exciting third act BLACK SWAN pas de deux with its famous 32 fouettes for the ballerina and the dramatic resolution that brings with it Ballet to its painfully romantic ending. Tomasson’s most effective inventions are a spirited pas de trois, which gives the otherwise promenade-heavy Act I the much-needed real dance, and an introspective solo for the prince before he sets off to shoot some swans.

Prince Siegfried (Tiit Helimets) and Odette (Yuan Yuan Tan) fall deeply in love
in San Francisco Ballets production of Helgi Tomasson’s Swan Lake

The sets and costumes by designer Jonathan Fensom, which have a kind of 18th century style and meet a contemporary, chic atmosphere, are a hit or miss. For example, the swans all wear identical feather caps, which look quite stylish, but tend to destroy the sense of individuality among the corps women. There are some big D-dramatic set pieces like a rocky promontory on the lake and a dizzying curved staircase to infinity, which are conspicuous, but not as impressive as they live in the theater.

The performances are sometimes beautiful, sometimes exciting, and sometimes less than ideal. The climax of the first act is the already mentioned Pas de Trois, which is beautifully danced by Dores André, Sasha De Sola and Taras Domitro. The trio precisely shapes the dynamics of the central plot between man and woman, but without any indication of the coming darkness. This is just a fun lark about nothing but the joy of dancing. André and De Sola are both victorious and distinctive and scurry through their difficult footwork with buoyancy and verve. Domitros surprises with the perfect verticality of his rotating jumps. Equally attractive is the famous (and often parodied) Act II dance for the 4 Cygnets, here Ellen Rose Hummel, Lauren Parrot, Julia Rowe and Emma Rubinowitz. The women with crossed arms move skillfully as a unit through the complicated and lightning-fast choreography. Every toe point, every leg extension, every turn of the head is just right for you, even in this unforgiving medium of video. It’s totally exhilarating.

There are also some nice succinct appearances in the Act III special dances, especially the Francisco Mungamba and Lonnie weeks in the Spanish number and Jahna Frantziskonis and Esteban Hernandez in the Neopolitan. They all bring a wonderful freshness and brio in their short variations.

Odile (Yuan Yuan Tan) is happy about her successful seduction of Prince Siegfried (Tiit Helimets)
in San Francisco Ballets production of Helgi Tomasson’s Swan Lake

The leading roles of Odette-Odile and Prince Siegfried are played by two of the SFB’s best dancers, Yuan Yuan Tan and Tiit Helimets. They dance well together here, but don’t quite reach the heights we know they are capable of – for example, as in the delicate, haunting pas de deux of Tomasson’s 7 for Eight earlier this season. I always had the feeling that they were just holding back a little and not completely surrendering to the moment. Helimets also struggled noticeably in some of their bigger brave moments in the BLACK SWAN pas de deux. Tan makes a beautiful Odette (the white swan) with her endlessly expressive arms and supple torso (I love it when she passes out and bends over to the floor!), Although I never bought her fully tragic romance of character. Her best moments were Odile (the BLACK SWAN), where her movement was almost aggressive, crisp and angular. The way she mocks the prince by tearing through a series of quicksilver steps to suddenly, seemingly forever, balance on one toe is nothing short of heartbreaking.

One of many fascinating moments with the Corps de Ballet
in San Francisco Ballets production of Helgi Tomasson’s Swan Lake

While this video rendering of Swan Lake is less than a total triumph, there is still some good news on the horizon. The company has announced that Swan Lake will join its personal 2022 season, which will also celebrate Tomasson’s final season as the Leading SFB after an amazingly successful 37 years at the top. His Swan Lake really has to be seen live, and I can’t wait until we have the chance to experience it as it should be again.

(All photos by Erik Tomasson)

The production of Swan Lake at the San Francisco Ballet can be streamed until June 9, 2021. For more information and tickets, visit www.sfballet.org or call (415) 865-2000.

The post SWAN LAKE at San Francisco Ballet Gives a Welcome Alternative to Revisit an All-Time Traditional appeared first on DAILY SAN FRANCISCO BAY NEWS.

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