San Francisco Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Kidder Mathews, Colliers, JLL
Quarterly retail market indicators for San Francisco, aggregated by CREhunt from Cushman & Wakefield, Kidder Mathews, Colliers, JLL. As of Q2 2026, vacancy was 5.8%, per Cushman & Wakefield.
Projected current retail pricing — San Francisco
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for San Francisco 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 2026 multiple brokerages asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent held flat). Assumes ~94% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | — | 5.8% | 213K SF | — | Cushman & Wakefield |
| Q2 2026 Kidder Mathews | $35.34/SF/yr | 5.6% | 202K SF | 0 SF | Kidder Mathews |
| Q1 2026 Cushman & Wakefield | — | 6.3% | — | — | Cushman & Wakefield |
| Q1 2026 Colliers | — | 5.8% | 176K SF | — | Colliers |
| Q4 2025 Cushman & Wakefield | — | 6.7% | 192K SF | — | Cushman & Wakefield |
| Q2 2025 JLL | $47.01/SF/yr | 6.9% | 113K SF | — | JLL |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for San Francisco retail did not fully agree. On vacancy, the sources span 0.2 points — from 5.6% (Kidder Mathews) to 5.8% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Kidder Mathews | 5.6% | $35.34/SF/yr | — |
| Cushman & Wakefield | 5.8% | — | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for retail space in San Francisco?
- CREhunt aggregates retail asking-rent data for San Francisco from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the retail vacancy rate in San Francisco?
- The retail vacancy rate in San Francisco was 5.8% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's San Francisco market data come from?
- This report aggregates quarterly retail market data for San Francisco from Cushman & Wakefield, Kidder Mathews, Colliers, JLL.
- How much do brokerage estimates differ for retail space in San Francisco?
- For Q2 2026, the brokerage sources CREhunt aggregates for San Francisco did not fully agree. On vacancy, the sources span 0.2 points — from 5.6% (Kidder Mathews) to 5.8% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.