Family Office Briefing on research byKidder Matthews·Jul 14, 2023
Peninsula/San Mateo Retail Market Report - 2nd Quarter 2023
Peninsula retail market shows a 4.9% vacancy rate in 2Q23 — family offices should consider co-GP opportunities with disciplined operators.
Retail2023
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 4.9% |
| Average Asking Rents | 34.59$/SF |
| Average Sales Price / SF | 695$/SF |
| Cap Rates | 5.6% |
| Net Absorption | 51,804SF |
Metrics extracted from the source report and independently fact-checked. Method →
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Kidder Matthews
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