22 Pelican Wy
Price
Price on request
Square Feet
33,760
Property Details
Lease Details
Market Context
This office in San Rafael, CA is listed for lease across 33,760 SF. The building dates to 1999. It has been on the market for 64 days.
As of Q1 2026, the San Francisco North Bay office market showed a 11.5% vacancy rate, and rents up 4.5% year over year. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for San Francisco North Bay office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent trend-adjusted to today).
View the full San Francisco North Bay Office market report →
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Compare it against other office listings for lease in San Rafael, CA to benchmark pricing and space — view the full market.
Office market FAQ
- Is the San Francisco North Bay office market tightening or softening?
- Vacancy is around 11.5%, with asking rents rising year over year (Q1 2026).
Lease Rate & Market Trend
Market report quarterly trend fallbackFIPS 06041
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Market comparison: office in san rafael, CA
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Contact Broker
Steven Leonard
Brian Foster
Listed by
Cushman & Wakefield