The San Francisco call., 1910-04-02
SALES AND LEASES
SHOW BIG TOTALS
Improvement in Recent Months
Indicates Better Record
Than That of 1909


totals and bid fair to give the first
half Of 1910 a great Improvement in it's
showing over the aggregate for the
frst six months of 1903 While the
number Of large sales that go on rec
ord Immediately after being consum-
sisated is quite small, they have a way
or appearing legitimately at an oppor-
tune time when a record is needed for
a quarter or half year. and the total is
made 10 shine.
For the time leases are more in evil
dence than sales, and this phenomenon
IS not only interesting in itself but it
indicates confidence as strong as gran
ite on the part of holders of certain
classes Of properties that they have a
good thing upon which they do not
easily loose their grip.
There is no reason TO hold back the
publication Of leases. They are gen
orally preliminary to the erection Of
good buildings in the immediate future,
and they indicate only what the lessee
and the lessor believe the earning ca
pacity of the ground and specified i'm
provements to be for a term of years,
starting at comparatively small fig
ure and progressing periodically, so
that the average is made respectable
while the total rental runs up into
six or seven figures.
LARGE RENTALS IN LEASES
a lease for a business property in
either the wholesale or the retail sec
ttOn that aggregates $1,000, 900 or more
IS not considered uncommon. It leaves
the property at the end OF the time lin
II in the hands of the original owners
or Of their heirs and the leases often
pay a gross sum that would be con-
sidered large price for the land and
improvements at the present time.
There are certain parts of San Fran
So , ,T.efr eaTa hot Haox- fal-
place in the last few years are rela-
lively small. The explanation given for
this By astute realty brokers is that the
persons who had the land before the
IRE never lost the idea that it would
be much more valuable, and they seem
10 be adhering 70 this idea.
LOWER MARKET STREET PROGRESS
Probably there is no part of San
francisco that has seen more hard
work on the part of realty brokers in
the last two years than the district
bounded by East, Second, the south line
Of Market street and the territory
reaching southwark over TO the
wharves and docks and the southern
line of the states belt railway. For
many months after the fire this great
and valuable section Of San Francisco
was built up with less speed than the
retail parts Of the city. 1t did not
even keep pace with the wholesale
anu LFAoll AREA nt inning Will lll6 ttll-
tral line of Market street and extending
over toward North beach, and from
Montgomery street toward the eastern
water front Of the city. Recent build
ing moves seem 70 indicate a general
desire 10 improve with good class
structures all the lower section of Mar
ket street and the streets abutting
thereon. Market street below Second
viii have q very different and much i'm
proved appearance before the fall
ACTIVITY IN OUTSIDE LANDS
All through what are known techni-
cslly as the outside lands, which in
clude Richmond and Sunset districts,
the stir on the part OF buyers and sell
ers continues. The number of active
real estate men on the ground and
the ma sgnitude of improvements in
progress on both sides of Golden Gate
park tend to stimulate interest and
10 show - good things for sale
Along Clement street, in the Rich
nond district. there is activity in store
building. Three or four important
corners inside Of Twelfth avenue are
the sites Of new store construction.
The beginning by the German savings
bank OF the banking structure that il
viii erect on the southwest corner of
Seventh avenue and Clement street,
and the possible erection Of a new the
ater at the northwest corner Of Gle
ment street and Fifth avenue are sub
jects that interest the Richmond dis
trict people.
SALES AND BUILDING RECORDS
Since 1906 the real estate sales of
san Francisco have averaged more
than $50. 100000 a year, and have made
UP 4 total Of sI30.000.o00 in round
figures. This is a good enough show
ing TO warrant optimism in San Fran
cisco regarding the future advance in
prices Of all sorts OF realty.
ha 81 - tzuc he
In four years, Of realty sales aggre-
eating the large amount mentioned, the
building operations in the same four
years have represented the great outlay
Of s173,0OOO0O in round figures.
san Francisco has practically built
as many structures IN the four years
succeeding the great fire as were
burned IN April, 1906. The buildings
in the burned area are worth more than
those that stood formerly within the
same boundaries. When the entire dis
trict has been rebuilt with the newer
class structures, the values invested
viii represent many millions more than
the properties that were destroyed.
An attentive reader OF the real es-
tate news viii see that the cost of
construction presented in contracts
awarded and IN permits for building
issued by the board OF works is suf-
acient 70 insure a high average.
TEMPORARY BUILDING PROBLEM
To what extent the permission given
by the supervisors for temporary
structures to remain another year viii
retard the Improvement Of neighbor-
hoods where they are found in mum
bers is purely problematical- The
order 10 demolish them that wal
issued by the previous board of su-
pervisors led 10 a period Of activity in
construction in certain quarters.
Possibly the entire city has such
q strong forward impulse that many
property owners will see the advan-
tage OF putting up improvements thai
will draw a better income, and will moi
wait for the end Of the year TO begir
20 demolish and remove.
The week closes with property own.
ers confident and brokers in knowledge
Of facts of Importance that may result
in some marked developments before
the first half of the year 1910 has beer
completed.