San Francisco Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Lee Associates, Colliers, CBRE
Quarterly retail market indicators for San Francisco, aggregated by PropZone from Cushman & Wakefield, Lee Associates, Colliers, CBRE. As of Q1 2026, average asking rent was — with a 3.3% vacancy rate.
Projected current retail pricing — San Francisco
low confidenceProjected asking rent
$27.43/SF/yr
Estimated sale value
$288–$363/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.7%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 3.3% | 9K SF | — | Cushman & Wakefield |
| Q1 2026 | $27.43/SF | 11.8% | 1K SF | — | Lee Associates |
| Q1 2026 | — | 5.8% | 176K SF | — | Colliers |
| Q4 2025 | — | — | 192K SF | — | Cushman & Wakefield |
| Q3 2021 | — | — | — | — | CBRE |
Frequently asked questions
- What is the average asking rent for retail space in San Francisco?
- PropZone aggregates retail asking-rent data for San Francisco from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the retail vacancy rate in San Francisco?
- The retail vacancy rate in San Francisco was 3.3% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's San Francisco market data come from?
- This report aggregates quarterly retail market data for San Francisco from Cushman & Wakefield, Lee Associates, Colliers, CBRE.
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