Family Office Briefing on research byKidder Matthews·Oct 11, 2023
Peninsula/San Mateo Office Market Report - 3rd Quarter 2023
Peninsula office market sees direct vacancy rise to 14.8% in 3Q23 — family offices should consider co-GP opportunities with disciplined operators.
Office2023
Key Metrics
| Metric | Value |
|---|---|
| Direct Vacancy Rate | 14.8% |
| Availability Rate | 25.8% |
| Asking Lease Rate | 5.93$/SF |
| Leased SF | 259,942SF |
| Sold SF | 38,162SF |
| Net Absorption | -231,484SF |
Metrics extracted from the source report and independently fact-checked. Method →
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Kidder Matthews
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