San Francisco Industrial Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers, , CBRE,
Quarterly industrial market indicators for San Francisco, aggregated by CREhunt from Cushman & Wakefield, Colliers, , CBRE, . As of Q1 2026, average asking rent was — with a 4.9% vacancy rate.
Projected current industrial pricing — San Francisco
Projected asking rent
$21.84/SF/yr
Estimated sale value
$249–$305/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 CBRE data (cap rate 5.8%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 4.9% | — | — | Cushman & Wakefield |
| Q1 2026 | $12.12/SF | 1.9% | 122K SF | — | Colliers |
| Q1 2026 | $28.62/SF | 12.9% | — | — | |
| Q1 2026 | $21.84/SF | — | — | — | CBRE |
| Q4 2025 | $20.41/SF | 10.3% | 7K SF | — | |
| Q3 2021 | — | 3.7% | 891K SF | — | Colliers |
| Q3 2021 | — | 2.0% | 139K SF | — | |
| Q3 2021 | $5.28/SF | 5.1% | 82K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in San Francisco?
- CREhunt aggregates industrial asking-rent data for San Francisco from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in San Francisco?
- The industrial vacancy rate in San Francisco was 4.9% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's San Francisco market data come from?
- This report aggregates quarterly industrial market data for San Francisco from Cushman & Wakefield, Colliers, CBRE.
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