2020 Office Space Rent & Sales
- $59.72 2020 Avg. Asking Rent
- 9.01% 2020 Office Vacancy Rate
South San Francisco office price per square foot in 2020 was $59.72 on average. The local office market recorded an average vacancy rate of 9.01% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- South San Francisco Class A Office Space$68.38
- South San Francisco Class B Office Space$41.91
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
South San Francisco, CA Office Asking Rents by Class
2020 Office Construction in South San Francisco, CA
- South San Francisco, CA Total SF completed in 2020 164,150
- South San Francisco, CA Total SF under construction in 2021 1,625,000
During 2020, 164,150 square feet of new office space were delivered across the market. At the close of 2020, the South San Francisco office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 164,150 square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 1,625,000 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Kilroy Oyster Point - Inception | 350 Oyster Point Blvd, 94080 | 656,000 | 2022 |
| Gateway of Pacific III | 700 Gateway Blvd, 94080 | 360,000 | 2022 |
| 499 Forbes Blvd | 499 Forbes Blvd, 94080 | 128,737 | 2022 |
| Gateway of Pacific I | 1000 Gateway Blvd, 94080 | 509,000 | 2021 |
| 201 Haskins Way | 201 Haskins Way, 94080 | 311,368 | 2021 |
| The Cove at Oyster Point V | 181 Oyster Point Blvd, 94080 | 164,150 | 2020 |
| The Merck Campus | 221 East Grand Avenue, 94080 | 294,000 | 2019 |
| 279 East Grand Avenue | 279 East Grand Avenue, 94080 | 211,405 | 2019 |
| The Cove at Oyster Point VII | 131 Oyster Point Blvd, 94080 | 175,830 | 2019 |
| Britannia East Grand: Genentech Headquarters - South Campus - Building 40 | 500 East Grand Avenue, 94080 | 160,582 | 2019 |
Worth noting among recent office completions on the South San Francisco market is Kilroy Oyster Point - Inception, which is currently the largest new office development in the city, at 656,000 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all South San Francisco commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.