San Francisco Business Times reports on two projects by developer Artthaus to build group housing, with plans to build a 131-unit building in The Mission and a 36-unit building in SOMA. Group housing, which generally offers a small private room (200 sqft in this model) and shared kitchen space, is aimed at younger professionals. (We spend all of our time working anyway, so who needs a private kitchen.)
With a large supply of young workers with a lot of money (San Francisco’s current unemployment rate is below 4%), there would seem to be high demand for these less conventional rentals. Although, San Francisco Business Times also points out that builders have another incentive: group housing is currently excluded from the City’s inclusionary housing program
