San Francisco Peninsula Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, CBRE, Newmark
Quarterly industrial market indicators for San Francisco Peninsula, aggregated by CREhunt from Kidder Mathews, 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 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 |
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, CBRE, Newmark.