San Francisco Peninsula Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Colliers, Newmark
Quarterly industrial market indicators for San Francisco Peninsula, aggregated by PropZone from Colliers, Newmark. As of Q1 2026, average asking rent was $22.56/SF with a 3.8% vacancy rate.
Projected current industrial pricing — San Francisco Peninsula
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for San Francisco Peninsula industrial yet, so this applies the typical cap rate across comparable industrial 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 5.5%–7.3%, asking rent held flat). Assumes ~96% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $22.56/SF | 3.8% | — | — | Colliers |
| Q4 2025 | — | 6.3% | — | — | Newmark |
| Q3 2025 | $817.00/SF | — | — | — | Newmark |
| Q2 2025 | — | 6.2% | — | — | Newmark |
| Q1 2025 | $359.00/SF | — | — | — | Newmark |
| Q4 2024 | $327.00/SF | — | — | — | Newmark |
| Q3 2024 | $445.00/SF | — | — | — | Newmark |
| Q2 2024 | $422.00/SF | — | — | — | Newmark |
| Q1 2024 | $313.00/SF | — | — | — | Newmark |
| Q4 2023 | $625.00/SF | — | — | — | Newmark |
| Q3 2023 | $685.00/SF | — | — | — | Newmark |
| Q2 2023 | $445.00/SF | — | — | — | Newmark |
| Q1 2023 | $6.78/SF | — | — | — | Newmark |
| Q4 2022 | $22.32/SF | — | 179K SF | — | Newmark |
| Q3 2022 | $6.45/SF | — | 175K SF | — | Newmark |
| Q2 2022 | $6.17/SF | — | 265K SF | — | Newmark |
| Q3 2019 | $9.05/SF | 0.8% | 672K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for industrial space in San Francisco Peninsula?
- As of Q1 2026, the average asking rent for industrial space in San Francisco Peninsula was $22.56/SF, per Colliers.
- What is the industrial vacancy rate in San Francisco Peninsula?
- The industrial vacancy rate in San Francisco Peninsula was 3.8% as of Q1 2026 (Colliers).
- Where does PropZone's San Francisco Peninsula market data come from?
- This report aggregates quarterly industrial market data for San Francisco Peninsula from Colliers, Newmark.