Office for Sale in San Francisco, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: San Francisco, CA 94105
Description
85 Second Street was originally built in 1897 for Wells Fargo & Co. by famous architects Percy & Hamilton and withstood the 1906 earthquake and fires. The building was rehabilitated in 1908, with an additional floor added under the direction of architects Meyers & Ward and has since been seismically retrofitted. 85 Second Street also housed the Supreme Court of California from 1908 to 1923 before relocating to its’ current location of 350 McAllister Street. This historic property is located in the heart of San Francisco’s vibrant South of Market district, adjacent to some of the Bay Area’s top technology companies and amenities.
Market Context
This office in San Francisco, CA is listed for sale. It has been on the market for 93 days. Compare it against other office listings for sale in San Francisco, CA — <a href="/search/sale/office/california/san-francisco">view the full market</a>.
As of Q1 2026, the San Francisco office market showed a 30.3% vacancy rate, average asking rents near $68.38/SF/yr, and cap rates around 6.6%. Source: Consensus Q1 2026 market report.
Above-average vacancy gives buyers leverage and a wide set of comparables.
Office market FAQ
- What is the typical cap rate for office in San Francisco?
- About 6.6% as of Q1 2026, per Consensus.
- Is the San Francisco office market tightening or softening?
- Vacancy is around 30.3% (Q1 2026).
Unified Estimate
Medium Confidence$41.96/SF – $56.78/SF
Mid: $49.37/SF
Rate estimator only; cost-of-business estimate unavailable.
Contact
- Matthew Shewey · matt.shewey@jll.com
- Charlie Hanafin · charlie.hanafin@jll.com
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