San Francisco Peninsula Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Colliers, Newmark, Lee Associates
Quarterly office market indicators for San Francisco Peninsula, aggregated by PropZone from Colliers, Newmark, Lee Associates. As of Q1 2026, average asking rent was — with a 16.5% vacancy rate.
Projected current office 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 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 Q4 2025 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat). Assumes ~79% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 16.5% | 21K SF | — | Colliers |
| Q4 2025 | $73.32/SF | 21.2% | 98K SF | — | Newmark |
| Q3 2025 | $74.52/SF | — | 940K SF | — | Newmark |
| Q2 2025 | $73.68/SF | 4.9% | 148K SF | — | Newmark |
| Q1 2025 | $72.24/SF | 4.0% | 724K SF | — | Newmark |
| Q4 2024 | — | — | -154K SF | — | Newmark |
| Q3 2024 | — | — | — | — | Newmark |
| Q2 2024 | $265.00/SF | — | — | — | Newmark |
| Q1 2024 | $333.00/SF | — | — | — | Newmark |
| Q4 2023 | $933.00/SF | — | — | — | Newmark |
| Q3 2023 | $438.00/SF | — | — | — | Newmark |
| Q1 2023 | $5.50/SF | — | — | — | Newmark |
| Q4 2022 | $5.59/SF | — | — | 20K SF | Newmark |
| Q3 2022 | $5.27/SF | — | — | — | Newmark |
| Q3 2019 | — | 18.3% | 391K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for office space in San Francisco Peninsula?
- PropZone aggregates office asking-rent data for San Francisco Peninsula from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in San Francisco Peninsula?
- The office vacancy rate in San Francisco Peninsula was 16.5% as of Q1 2026 (Colliers).
- Where does PropZone's San Francisco Peninsula market data come from?
- This report aggregates quarterly office market data for San Francisco Peninsula from Colliers, Newmark, Lee Associates.