Spear Street Terrace — Lease in San Francisco, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: San Francisco, CA
  • Size: 231,551 SF
  • Year built: 1985

Description

Spear Street Terrace - Available for lease

Market Context

This office in San Francisco, CA is listed for lease across 231,551 SF. The building dates to 1985. It has been on the market for 209 days. Compare it against other office listings for lease in San Francisco, CA — view the full market.

As of Q1 2026, the San Francisco office market showed a 30.3% vacancy rate, average asking rents near $68.38/SF/yr, and cap rates around 6.6%. Source: multiple brokerage reports, Q1 2026.

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

Office market FAQ

What is the typical cap rate for office in San Francisco?
About 6.6% as of Q1 2026, per multiple brokerage reports.
Is the San Francisco office market tightening or softening?
Vacancy is around 30.3% (Q1 2026).

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