north bay Retail Market Report
By CREhunt Research · Data through Q2 2025 · Aggregated from JLL
Quarterly retail market indicators for north bay, aggregated by CREhunt from JLL. As of Q2 2025, average asking rent was $29.37/SF/yr and vacancy was 4.6%, per JLL.
Projected current retail pricing — north bay
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for north bay retail yet, so this applies the typical cap rate across comparable retail 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 2025 JLL asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent held flat). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2025 JLL | $29.37/SF/yr | 4.6% | -167K SF | — | JLL |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each north bay retail 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 |
|---|---|---|
| Marin County | $38.64/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Napa County | $37.96/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| San Francisco County | $33.07/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| San Mateo County | $43.40/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Solano County | $21.05/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Sonoma County | $20.58/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
Frequently asked questions
- What is the average asking rent for retail space in north bay?
- As of Q2 2025, the average asking rent for retail space in north bay was $29.37/SF/yr, per JLL.
- What is the retail vacancy rate in north bay?
- The retail vacancy rate in north bay was 4.6% as of Q2 2025 (JLL).
- Where does CREhunt's north bay market data come from?
- This report aggregates quarterly retail market data for north bay from JLL.