san jose Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Kidder Mathews, Lee & Associates, JLL
Quarterly retail market indicators for san jose, aggregated by CREhunt from Kidder Mathews, Lee & Associates, JLL. As of Q1 2026, average asking rent was $37.32/SF/yr and vacancy was 3.8%, per Kidder Mathews.
Projected current retail pricing — san jose
Projected asking rent
$37.32–$37.50/SF/yr
Estimated sale value
$395–$501/SF
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 Kidder Mathews data (cap rate 5.9%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Kidder Mathews | $37.32/SF/yr | 3.8% | 116K SF | — | Kidder Mathews |
| Q4 2025 Lee & Associates | $33.65/SF/yr | 5.0% | — | — | Lee & Associates |
| Q2 2025 JLL | $42.59/SF/yr | 4.5% | -216K SF | — | JLL |
Frequently asked questions
- What is the average asking rent for retail space in san jose?
- As of Q1 2026, the average asking rent for retail space in san jose was $37.32/SF/yr, per Kidder Mathews.
- What is the retail vacancy rate in san jose?
- The retail vacancy rate in san jose was 3.8% as of Q1 2026 (Kidder Mathews).
- Where does CREhunt's san jose market data come from?
- This report aggregates quarterly retail market data for san jose from Kidder Mathews, Lee & Associates, JLL.
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