Multifamily investment activity across the San Francisco Bay Area surged in 2025, signaling renewed confidence after several years of volatility. With a few weeks remaining in the calendar year, total sales volume is on track to equal or possibly surpass 2019’s high of $7 billion.
Bay Area multifamily sales rebound as investors target high-quality assets
San Jose leads in dollar volume, while the East Bay outpaces in transaction count
By Nigel Hughes
CoStar AnalyticsDecember 16, 2025 | 5:42 P.M.
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