Silicon Valley Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Colliers, Cushman & Wakefield, Matthews, Newmark, Survey, CBRE
Quarterly industrial market indicators for Silicon Valley, aggregated by PropZone from Colliers, Cushman & Wakefield, Matthews, Newmark, Survey, CBRE. As of Q1 2026, average asking rent was $5.42/SF with a 6.5% vacancy rate.
Projected current industrial pricing — Silicon Valley
low confidenceProjected asking rent
$5.42–$5.55/SF/yr
Estimated sale value
$58–$73/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 Colliers data (cap rate 6.3%, asking rent trend-adjusted to today). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $5.42/SF | 6.5% | 0K SF | — | Colliers |
| Q1 2026 | $34.44/SF | 21.1% | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | $22.09/SF | 3.3% | — | — | Matthews |
| Q4 2025 | — | — | 2.1M SF | — | Newmark |
| Q4 2025 | $22.09/SF | 3.3% | — | — | Survey |
| Q4 2025 | — | — | 1K SF | — | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | 0.2% | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | — | — | Newmark |
| Q1 2025 | — | — | — | — | Newmark |
| Q1 2023 | $14.88/SF | 16.4% | -657K SF | — | Newmark |
| Q4 2022 | $17.28/SF | 16.4% | — | — | Newmark |
| Q2 2022 | $16.08/SF | — | 1.6M SF | — | Newmark |
| Q3 2019 | $21.86/SF | 22.2% | — | — | CBRE |
| Q3 2017 | $6.80/SF | 2.0% | 140.2M SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in Silicon Valley?
- As of Q1 2026, the average asking rent for industrial space in Silicon Valley was $5.42/SF, per Colliers.
- What is the industrial vacancy rate in Silicon Valley?
- The industrial vacancy rate in Silicon Valley was 6.5% as of Q1 2026 (Colliers).
- Where does PropZone's Silicon Valley market data come from?
- This report aggregates quarterly industrial market data for Silicon Valley from Colliers, Cushman & Wakefield, Matthews, Newmark, Survey, CBRE.
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