Silicon Valley Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Kidder, Survey, CBRE, Lee Associates
Quarterly retail market indicators for Silicon Valley, aggregated by PropZone from Cushman & Wakefield, Kidder, Survey, CBRE, Lee Associates. As of Q1 2026, average asking rent was $20.68/SF with a 4.9% vacancy rate.
Projected current retail pricing — Silicon Valley
low confidenceProjected asking rent
$20.72/SF/yr
Estimated sale value
$238–$301/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 5.4%, asking rent held flat). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $20.68/SF | 4.9% | 151K SF | 0K SF | Cushman & Wakefield |
| Q1 2026 | $37.32/SF | 3.8% | 116K SF | — | Kidder |
| Q1 2026 | $20.72/SF | 4.8% | — | — | Survey |
| Q1 2026 | $6.14/SF | 10.7% | 2.0M SF | — | CBRE |
| Q1 2026 | $20.76/SF | 4.6% | 159K SF | — | Lee Associates |
| Q4 2025 | — | — | 85K SF | — | Cushman & Wakefield |
| Q3 2019 | $25.67/SF | 4.0% | 55K SF | — | Lee Associates |
| Q3 2019 | $33.77/SF | 4.6% | 226K SF | — | Cushman & Wakefield |
| Q3 2017 | $37.71/SF | 0.6% | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for retail space in Silicon Valley?
- As of Q1 2026, the average asking rent for retail space in Silicon Valley was $20.68/SF, per Cushman & Wakefield.
- What is the retail vacancy rate in Silicon Valley?
- The retail vacancy rate in Silicon Valley was 4.9% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Silicon Valley market data come from?
- This report aggregates quarterly retail market data for Silicon Valley from Cushman & Wakefield, Kidder, Survey, CBRE, Lee Associates.
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