San Francisco Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly multifamily market indicators for San Francisco, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q1 2026, vacancy was 5.8%, per Cushman & Wakefield.
Projected current multifamily pricing — San Francisco
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for San Francisco multifamily yet, so this applies the typical cap rate across comparable multifamily 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 Q1 2026 multiple brokerages asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | — | 5.8% | -6.5M SF | — | Cushman & Wakefield |
| Q3 2023 Colliers | — | 26.9% | 4.3M SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in San Francisco?
- CREhunt aggregates multifamily asking-rent data for San Francisco from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in San Francisco?
- The multifamily vacancy rate in San Francisco was 5.8% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's San Francisco market data come from?
- This report aggregates quarterly multifamily market data for San Francisco from Cushman & Wakefield, Colliers.