San Francisco Peninsula Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, Colliers, CBRE, Newmark
Quarterly industrial market indicators for San Francisco Peninsula, aggregated by CREhunt from Kidder Mathews, Colliers, CBRE, Newmark. As of Q2 2026, average asking rent was $23.76/SF/yr and vacancy was 8.8%, per Kidder Mathews.
Projected current industrial pricing — San Francisco Peninsula
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for San Francisco Peninsula industrial yet, so this applies the typical cap rate across comparable industrial 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 Q2 2026 Kidder Mathews asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~91% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | $23.76/SF/yr | 8.8% | 90K SF | — | Kidder Mathews |
| Q1 2026 Colliers | $22.56/SF/yr | 3.1% | 53K SF | — | Colliers |
| Q1 2026 CBRE | $5.68/SF/yr | 26.4% | — | — | CBRE |
| Q4 2025 Newmark | $21.60/SF/yr | 6.3% | — | — | Newmark |
| Q3 2025 Newmark | — | 6.6% | 275K SF | — | Newmark |
| Q2 2025 Newmark | — | 6.2% | — | — | Newmark |
| Q1 2025 Newmark | — | 5.4% | 131K SF | — | Newmark |
| Q4 2024 Newmark | — | 7.5% | 22K SF | — | Newmark |
| Q3 2024 Newmark | — | — | — | — | Newmark |
| Q2 2024 Newmark | — | 7.4% | — | — | Newmark |
| Q1 2024 Newmark | — | 5.9% | — | — | Newmark |
| Q4 2023 Newmark | — | 4.7% | — | — | Newmark |
| Q3 2023 Newmark | — | 6.2% | — | — | Newmark |
| Q2 2023 Newmark | — | 7.4% | — | — | Newmark |
| Q1 2023 Newmark | — | 7.6% | — | — | Newmark |
| Q4 2022 Newmark | $22.32/SF/yr | 2.0% | 179K SF | — | Newmark |
| Q3 2022 Newmark | — | 3.6% | — | — | Newmark |
| Q2 2022 Newmark | — | 4.1% | — | — | Newmark |
| Q3 2019 Colliers | $9.05/SF/yr | 0.8% | 672K SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each San Francisco Peninsula industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Belmont/San Carlos | $2.39/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Brisbane/Daly City | $1.75/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Burlingame | $1.94/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Menlo Park | $2.95/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Redwood City | $2.19/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Bruno/Millbrae | $1.90/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Mateo | $2.10/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| South San Francisco | $1.74/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in San Francisco Peninsula?
- As of Q2 2026, the average asking rent for industrial space in San Francisco Peninsula was $23.76/SF/yr, per Kidder Mathews.
- What is the industrial vacancy rate in San Francisco Peninsula?
- The industrial vacancy rate in San Francisco Peninsula was 8.8% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's San Francisco Peninsula market data come from?
- This report aggregates quarterly industrial market data for San Francisco Peninsula from Kidder Mathews, Colliers, CBRE, Newmark.