San Francisco Peninsula industrial real estate market reports

Q1 2024

+33.3%

Increase in total industrial availability

Industrial availability has increased by 33.3% as overall leasing activity begins to slow, while flex increased by a moderate 4.4% in the last quarter.

+10.8%

Industrial asking rents grow, despite slowing demand

Industrial asking rents grew 10.8% but are expected to taper off due to slowing demand.

-77.4%

Total leasing activity falls below pre-Covid average

The combined industrial and flex Q1 2024 leasing activity was down 77.4% compared to the 5-year pre-Covid average.

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