Family Office Briefing on research byKidder Matthews·Apr 25, 2023
Peninsula/San Mateo Office Market Report - 1st Quarter 2023
Peninsula office market sees rising vacancy at 15.8% in 1Q23 — family offices should consider co-GP opportunities with disciplined operators.
Office2023
Key Metrics
| Metric | Value |
|---|---|
| Direct Vacancy Rate | 12.1% |
| Total Vacancy Rate | 15.8% |
| Asking Lease Rate | 5.95$/SF |
| Leased SF | 338,367SF |
| Sold SF | 318,593SF |
| Net Absorption | -268,294SF |
Metrics extracted from the source report and independently fact-checked. Method →
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Kidder Matthews
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