Family Office Briefing on research byKidder Matthews·Jul 7, 2023
Peninsula/San Mateo Office Market Report - 2nd Quarter 2023
Peninsula office market sees rising vacancy rates in 2Q23 — family offices should consider co-GP opportunities with disciplined operators.
Office2023
Key Metrics
| Metric | Value |
|---|---|
| Direct Vacancy Rate | 13.7% |
| Total Vacancy Rate | 17.9% |
| Asking Lease Rate | 5.95$/SF |
| Leased SF | 296,413SF |
| Net Absorption | -610,536SF |
Metrics extracted from the source report and independently fact-checked. Method →
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