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. 

0

New Construction

With no new construction on the horizon for the San Francisco/Peninsula market, vacancy and rents continue to benefit from demand.

29 k

Net Absorption

While significantly lower than previous quarters, the San Francisco Peninsula saw its third straight quarter of positive absorption in Q2 2022.

$1.95 psf

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.

4.7 m

Availabilities

While available square footage increased in Q2 2022, its only marginal compared to the overall market.

5.4%

Vacancy

The vacancy rate increased marginally in Q2 2022, but remains below post pandemic peaks in Q2 2021.

118 m

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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