San Mateo Gateway III — Lease in San Mateo, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: San Mateo, CA 94402
  • Size: 71,149 SF
  • Year built: 1986

Description

Market Context

This office in San Mateo, CA is listed for lease across 71,149 SF. The building dates to 1986. It has been on the market for 114 days. Compare it against other office listings for lease in San Mateo, CA — view the full market.

As of Q1 2026, the San Francisco Peninsula office market showed a 16.5% vacancy rate. Source: Colliers Q1 2026 market report.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the San Francisco Peninsula office market tightening or softening?
Vacancy is around 16.5% (Q1 2026).

Estimated Market Rate

$0.36/SF/mo – $0.48/SF/mo

Mid: $0.42/SF/mo

Estimated total for 71,149 SF: $29,883 per month

Rate estimator only; cost-of-business estimate unavailable.

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