Weekend Events and the Weekly Real Estate Update

Ghirardelli Square invites you to its 1st Annual Festival & Street Fair! It’s a two-day event, and it happens on Saturday, 10 AM-6 PM and Sunday, 10 AM-6 PM. Meanwhile, SFFuncheap.com writes about the “Festival of the Impossible”: Virtual Reality Immersive Art Festival taking place tonight, Saturday, and Sunday — for free tickets and details click here. Also, this Saturday the The 42nd Annual San Francisco Free Folk Festival 2018 takes place in the Mission District, and the 41st Annual Haight Ashbury Street Fair takes place on Sunday from 11 AM to 5:30 PM.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 6/3/18 – 6/9/18

San Francisco Ranked #1 Among 131 Global Cities in an Important Study

Jones Lang LaSalle’s fifth annual City Momentum Index ranks 131 global cities based on potential for long-term socio-economic and commercial real estate market success, a term it calls “future-proofing.” Factors used to gauge a metropolitan area’s chance for future momentum include innovation capacity, quality of universities and colleges, number of startups, and public infrastructure and environment quality.

North America accounts for half of the world’s top 30 future-proofed metro areas. Six of the top 10 future-proofed cities are in the U.S., and four of those are in California. San Francisco takes the top spot on the rankings, followed by Silicon Valley at No. 2, both due largely to the Bay Area’s global position as a technology powerhouse.

Investors use future-proofing to determine whether technology innovations will result in a market’s ability to hold its value and appreciate over time. For developers, the concept of future-proofing allows for understanding a city’s capacity for economic growth, thereby allowing them to plan and build sustainable communities.