San Francisco North Bay Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , CBRE, Cushman & Wakefield
Quarterly multifamily market indicators for San Francisco North Bay, aggregated by CREhunt from , CBRE, Cushman & Wakefield. As of Q1 2026, average asking rent was — with a 3.7% vacancy rate.
Projected current multifamily pricing — San Francisco North Bay
Projected asking rent
$1,200–$1,218/unit/mo
Estimated sale value
$124,354–$157,757/unit
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 Cushman & Wakefield data (cap rate 5.6%, asking rent trend-adjusted to today). Assumes ~93% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 3.7% | 0K SF | — | |
| Q1 2026 | $2290.00/SF | 10.0% | 4K SF | — | CBRE |
| Q1 2026 | $1200.00/SF | 7.0% | 0K SF | — | Cushman & Wakefield |
| Q3 2017 | $2522.00/SF | 5.2% | 1K SF | — |
Frequently asked questions
- What is the average asking rent for multifamily space in San Francisco North Bay?
- CREhunt aggregates multifamily asking-rent data for San Francisco North Bay from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in San Francisco North Bay?
- The multifamily vacancy rate in San Francisco North Bay was 3.7% as of Q1 2026.
- Where does CREhunt's San Francisco North Bay market data come from?
- This report aggregates quarterly multifamily market data for San Francisco North Bay from CBRE, Cushman & Wakefield.
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