The Mid Market District of San Francisco is a predominantly upscale submarket of San Francisco just southwest of the Financial District. Mid-Market is centered around Market Street starting at 5th Street and ending at Van Ness. The neighborhood’s location at the intersection of several of San Francisco’s most prominent neighborhoods – SoMa, Union Square and the Financial District – affords it access to the economic, cultural and entertainment core of San Francisco. In recent years, Mid-Market benefited greatly from San Francisco’s implementation of the Payroll Tax Exemption program enacted in 2011. Millions of square feet of commercial space has been renovated into creative office space, creating a hub for some of San Francisco’s most significant growing technology companies. Driven by both institutional and private capital, Mid-Market has seen more than $1 billion in sales of office and development sites in the past three years. Lastly, Mid-Market is also experiencing an unprecedented wave of residential development with existing housing units being supplemented by 8,000+ housing units recently completed, planned or currently under construction.