Steve Lombardi: Inside San Francisco Construction Costs and Market Recovery

San Francisco’s commercial property market is showing signs of life again—and construction activity is helping tell the story.

In this episode, Bruce Bean sits down with Steve Lombardi, founder of Lombardi Property Development (LPD), to discuss what’s happening on the ground with construction costs, tenant improvements, office repositioning, and the return of demand across San Francisco commercial real estate. Steve shares how AI companies are fueling new activity, why mid-market assets may present major opportunities, and how cost-conscious construction strategies are helping owners make projects work again. The show notes structure follows the podcast best-practices guide for episode hooks, summaries, guest details, and calls to action.

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