SFCED | San Francisco Center for Economic Development

San Francisco Apartment Boom Fuels Corporate Housing Groups

The proliferation of new apartment complexes in San Francisco is proving to be a bonanza for corporate housing groups that help fast-growing tech firms find temporary digs for a wide variety of new hires, consultants and interns.

Synergy Corporate Housing has rented 25 units in the south tower of NEMA, an apartment complex at 10th and Market streets, and is committed to another 25 apartments in the north tower. The group also has units in other new buildings: 20 units in Rincon Green (333 Harrison St.), 15 in Potrero Launch (2235 Third St.) and five in 38 Dolores. In the last 18 months, Synergy has grown its San Francisco presence to 200 units, a 40 percent increase. The goal is to double to 400 apartments by the end of 2014 and eventually to 500.

Read more: San Francisco Business Times Corporate housing is next wave of S.F. apartment boom