Family Office Briefing on research byKidder Matthews·Apr 8, 2026
PENINSULA/SAN MATEO OFFICE MARKET REPORT - 1st Quarter 2026
This report covers the current state and outlook of the Peninsula office market as of the first quarter of 2026.
2026
Key Metrics
| Metric | Value |
|---|---|
| Direct Vacancy Rate | 21.7% |
| Availability Rate | 21.9% |
| Asking Lease Rate/SF/Mo | 5.50$ |
| Under Construction (SF) | 778,331SF |
| Leasing Activity (SF) | 787,000SF |
| Net Absorption (SF) | -313,279SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Kidder Matthews
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