81 Lansing, the 33-unit 1995 courtyard lofts on Rincon Hill: two identical 855-square-foot one-bedrooms closed five days apart in February at $695,000 and $699,000

81 Lansing sold the same floor plan twice in one February week, $4,000 apart. Two condominiums closed between January 1 and October 15, 2026, on $1,394,000 of volume; nothing closed in 2025, and one unit closed in 2024 at $845,000. The median sale is $697,000 and the median price per square foot is $816, against $779 in 2024, $842 across the four sales of 2022, the most in any year of the record, and $933 in 2021.

#309, an 855-square-foot one-bedroom, closed at $695,000 on February 12 after eight days, $813 a foot; it was bought in June 2022 for $749,000, down 7.2 percent, and it is the year's one paired resale (Annie Tegner listing). #310, the same 855 square feet, closed at $699,000 on February 17 after 15 days, $818 a foot. The median listed sale took 12 days to contract, and one of two went inside two weeks. Dues ran $797 a month on #309 at its 2022 sale and $817 on a 900-square-foot one-bedroom sold in 2021 (Redfin, #402).

The building dates from 1995, four stories and 33 units by the Lansing Development Company around a landscaped courtyard with fountains, with an elevator and deeded garage parking, on a short tree-lined street between First and Essex; the building record on this site lists 17 units (Redfin, #402).

2026 so far, against the same window in 2025

Closings at 81 Lansing St between January 1 and October 15, 2026, set against January 1 to October 15, 2025. Days on market is median days from listing to contract on MLS-listed sales; "under 15 days" counts how many of those went into contract inside two weeks.

Year by year

Every recorded closing at 81 Lansing St since October 2020, by calendar year. 2026 runs through October 15, 2026. Days on market is available for MLS-listed sales from 2020 onward.

No year in the building's record holds five or more closings. 2026 year to date stands at $816 a square foot.

By bedroom count, 2025 against 2026

Every closing in 2026

All 2 closings through October 15, 2026, highest price first. Square footage and days on market are as recorded on the MLS; county-recorded transfers that never listed show no days.

Paired resales

Units that closed in 2026 and had a prior recorded sale in the same building. The change is gross, before any improvements, fees or carrying costs.

0 of these resold above the prior price, 1 below.

Lansing Street

The street holds two much larger neighbors: The Lansing at 50 Lansing, SB Architects' eight-story, 82-unit 2006 building, and Jasper at 45 Lansing, the 40-story, 319-unit 2016 tower at First Street (SF Highrises; Multi-Housing News). Both pushed back in 2016 on the redesign of the tower proposed for the gas station at First and Harrison (SocketSite). Listings put Salesforce Park, South Park, Woodlands Market and Whole Foods at Fourth and Harrison in walking range (Redfin, #402).

Three blocks north at First and Howard, Anthropic occupies 500 and 505 Howard and leased all of 300 Howard and 342 Howard on February 2, 2026 (BusinessWire). The East Cut Park under the Fremont offramp, two blocks north, is budgeted at more than $42 million with a third-quarter 2026 construction start, per the Examiner (SF Examiner).

The timetable that every South of Market building now sits inside is the public-offering calendar. Anthropic filed a confidential draft registration with the SEC on June 1, 2026, a week after a funding round that set its valuation at $965 billion (TechCrunch). As of this week the Standard reports the Anthropic listing has been pushed to November, after the midterms, that OpenAI's has moved to 2027, and that Anthropic is weighing a lockup longer than the usual six months (SF Standard). The same piece carries a Redfin estimate that current and former OpenAI and Anthropic employees could in theory buy close to a third of the metro area's homes with their proceeds, and the counter-argument from UC Berkeley's Enrico Moretti and the Bay Area Council's Jeff Bellisario that the money is concentrated in fewer hands than past booms and that these firms create fewer jobs per dollar because so much goes to data centers rather than headcount. The record in this report ends on October 15. None of it reflects a single share that has been sold.

Two citywide facts frame every building figure here. First, the office recovery is lopsided: CBRE put Q3 2026 vacancy at 27.7 percent citywide, down 6.6 points in a year, but Avison Young splits that into roughly 12 percent for Class A and north of 31 percent for Class B, and a Presidio Bay executive told Bisnow the headline number is misleading for that reason (Bisnow). Second, the condo market is still digging out: the Chronicle's May analysis found that only eight Bay Area ZIP codes showed inflation-adjusted condo gains over the year, all of them in San Francisco, and that Noe Valley's typical condo remained close to $400,000 below its 2019 level in real terms (SF Chronicle).

How this was counted

Two records feed this review. The MLS layer is one row per listing and carries days on market and square footage. The county layer reaches back further and catches transfers that never listed, but records the same closing once per data source, so the two were merged on unit, date and price and each closing kept once. Below-market-rate units and transfers under $300,000 are listed but excluded from every median. "Same window" means January 1 to October 15 of each year. Nothing here is a valuation of any unit, and nothing here is advice.

Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272