San Mateo-Peninsula industrial real estate market reports
Q2 2022: The San Francisco/Peninsula industrial market continued to bolster its strength with rising rents, low vacancy, and positive net absorption bolstered by the rapid expansion of the Life Science and Biotech industries.
New Construction
With no new construction on the horizon for the San Francisco/Peninsula market, vacancy and rents continue to benefit from demand.
Net Absorption
While significantly lower than previous quarters, the San Francisco Peninsula saw its third straight quarter of positive absorption in Q2 2022.
Average Asking Rent
Rents have been on a steady and rapid increase as demand constraints and activity in the Life Science and Biotech industries positively influence the market.
Availabilities
While available square footage increased in Q2 2022, its only marginal compared to the overall market.
Vacancy
The vacancy rate increased marginally in Q2 2022, but remains below post pandemic peaks in Q2 2021.
Investment Sales
Total sales volume in the region in Q2 2022 increased from last quarter to nearly $118 million, on par with historical averages for the region.
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