San Francisco, CA Commercial Real Estate Market Trends
Commercial Real Estate Market Report
This page provides a high-level view of commercial real estate conditions in San Francisco, combining current pricing, property scale, and active inventory to support early market evaluation.
Explore Commercial Properties in San Francisco
Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.
San Francisco's Demographic Profile
With a population of 777,336 and a median household income of $128,655, these metrics help investors gauge whether San Francisco's pricing reflects local demand fundamentals.
| Key Demographic Metrics | Value |
|---|---|
| Population | 777,336 |
| # Households | 330,111 |
| Median age | 42 |
| Median household income | $128,655 |
| Avg household size | 2 |
| Renter-occupied housing units | 220,085 |
| 5-year population change | -8% |
Commercial Real Estate Market Snapshot in San Francisco
These market metrics outline current pricing, typical deal size, and observed cap rate ranges, giving investors a quick read on entry costs and high-level underwriting expectations.
| Key Market Metrics | Value |
|---|---|
| Avg asking sale price | $560 per SF |
| Avg asking lease rate | $38 per SF |
| Avg unit size for lease | 20,476 SF |
| Avg building size for sale | 28,603 SF |
| Average cap rate | 6.14% |
In San Francisco, commercial properties are currently listed at an average sale price of $560 per square foot, with average lease rates around $38 per square foot. Typical leased spaces are approximately 20,476 SF, while properties for sale average 28,603 SF in building size. Observed cap rates average 6.14%, offering a reference point for return expectations relative to pricing and deal scale.
Commercial Properties For Sale In San Francisco
Commercial Market Metrics by Property Type
Office Building Market Metrics Near San Francisco
Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| San Francisco | $543 | 35,352 SF | 9.77% |
| South San Francisco | $545 | 8,929 SF | 4.01% |
| Pacifica | $571 | 6,282 SF | 4.70% |
| Alameda | $305 | 11,267 SF | 7.70% |
| Sausalito | $618 | 4,560 SF | 5.60% |
Industrial Property Market Metrics Near San Francisco
Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| San Francisco | $502 | 16,336 SF | 8.78% |
| Brisbane | $436 | 2,090 SF | 6.50% |
| South San Francisco | $571 | 14,496 SF | 4.79% |
| Emeryville | $298 | 18,042 SF | 10.80% |
Retail Property Market Metrics Near San Francisco
Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| San Francisco | $586 | 19,258 SF |
| Daly City | $462 | 18,297 SF |
| South San Francisco | $528 | 12,965 SF |
| Pacifica | $616 | 5,820 SF |
| Alameda | $573 | 8,267 SF |
Multifamily Property Market Metrics Near San Francisco
Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| San Francisco | $580 | 7,818 SF | 8.50% |
| South San Francisco | $364 | 7,059 SF | 6.58% |
| Pacifica | $635 | 17,632 SF | 6.43% |
| Alameda | $317 | 28,839 SF | 8.62% |
| Burlingame | $634 | 9,093 SF | 5.59% |
How Investors Evaluate Commercial Real Estate Markets in San Francisco
Nearby Commercial Markets
Comparing nearby markets helps investors see whether San Francisco pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| San Francisco | $560 | 28,603 SF |
| Brisbane | $459 | 4,393 SF |
| Colma | $319 | 7,277 SF |
| Daly City | $468 | 15,556 SF |
| South San Francisco | $520 | 13,990 SF |
Multifamily For Sale In San Francisco
Regional Demographic Comparison
This comparison places San Francisco alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in San Francisco or distributed across surrounding areas.
| City | Population | # Households | Age | MedianHouseholdIncome | AvgHouseholdSize | RenterOccupiedHousingUnits | FiveYrPopGrowthPct |
|---|---|---|---|---|---|---|---|
| San Francisco | 777,336 | 330,111 | 42 | $128,655 | 2 | 220,085 | -8% |
| Brisbane | 4,433 | 1,779 | 45 | $126,109 | 3 | 662 | -6% |
| Colma | 1,152 | 399 | 44 | $103,688 | 3 | 233 | -9% |
| Daly City | 94,537 | 28,588 | 42 | $103,334 | 3 | 13,272 | -6% |
| South San Francisco | 20,527 | 6,950 | 44 | $132,000 | 3 | 2,554 | -6% |
FAQs About Commercial Investing in San Francisco
San Francisco offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in San Francisco. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for San Francisco. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to San Francisco. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in San Francisco, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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