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Sacramento's office market maintained a direct vacancy rate of 11.2% in first quarter 2026, unchanged from the prior quarter but up 40 basis points year-over-year, while leasing activity improved 4.2% to 643,747 square feet and asking rents declined 1.9% to $2.17 per square foot as landlords offered concessions. The market showed early stabilization signs with declining availability and renewed government tenant demand, notably the Sacramento District Attorney's Office signing a 121,074 square foot fifteen-year lease, though net absorption remained negative at minus 25,948 square feet and investment activity stayed muted with zero new deliveries.

This is a quarterly market report published by Colliers in March 2026 covering the industrial sector in the San Jose-Silicon Valley region of California.

Kidder Mathews' Q1 2026 Silicon Valley office market report shows leasing volume of 2.1 million square feet (down 48.2% year-over-year), a vacancy rate holding at 16.5%, and asking rents averaging $4.16 per square foot, with activity concentrated among large strategic tenants rather than broad-based recovery. The market saw office investment sales of 615,000 square feet across 11 transactions at $546.1 million total dollar volume, while availability tightened to 16.6%, and Santa Clara County's unemployment rate was 4.0% in December 2025.

This is a first-quarter 2026 office sector data report published by CBRE covering Sacramento, California.

The Orange County retail market in Q2 2026 showed a vacancy rate of 3.8%, average asking rents of $2.72 per square foot per month, positive net absorption of 240,744 square feet, and an average sales price of $572 per square foot, with major transactions including the sale of 43 Auto Center Drive for $49.9 million and Burlington's 26,395-square-foot lease at Von Karman Plaza. Construction activity included 284,179 square feet under development and year-to-date deliveries of 85,425 square feet, with major projects scheduled for first-quarter 2027 completion.

The Kidder Mathews Orange County Multifamily Market Report for Q2 2026 documents market conditions including a 4.3% vacancy rate (up 50 basis points year-over-year), average asking rents of $2,727 per unit monthly (1.8% year-over-year increase), 3,258 units delivered year-to-date (311.4% increase from 2025), and 1,615 units of net absorption year-to-date (29.8% increase from 2025). The report notes that average multifamily sale prices declined to $338,935 per unit (7.0% year-over-year decrease) with cap rates expanding to 5.0%, while units under construction fell 49.7% to 3,093 units as major projects including Pacifica Place at Irvine Spectrum (1,100 units) and Meridian at The Market Place (831 units) were completed by April 2

This is a data report published by CBRE on March 31, 2026 presenting Q1 2026 research and development figures for Silicon Valley, covering the office and life-sciences sectors across San Jose, San Francisco, California, and national markets.

Kidder Mathews' first-quarter 2026 retail market report for the Inland Empire shows a vacancy rate of 6.3%, up 30 basis points year-over-year, with average asking rents declining 1.59% to $1.71 per square foot per month and average sales prices falling 17.85% to $285 per square foot. Construction deliveries totaled 268,162 square feet with net absorption of 287,027 square feet, while significant transactions included the sale of AMC Victoria Gardens 12 for $40.8 million and lease activity from retailers including Ross Dress for Less and Walmart Depot.

This is a quarterly data report published by CBRE on March 31, 2026 presenting office sector figures for the Inland Empire region in California for the first quarter of 2026.

This is a market report published by JLL in March 2026 covering office sector dynamics in Silicon Valley during the first quarter of 2026. The report covers geographic areas including San Jose, San Francisco, California, and national markets.

This is a quarterly market report on the Sacramento office sector published by Colliers in the first quarter of 2026. The report covers office market conditions in Sacramento, California.

This document is a landing page for Cushman & Wakefield's Silicon Valley MarketBeat reports covering Q1 2026 across office, industrial, retail, and R&D property sectors. The page presents first-quarter 2026 vacancy rates: office at 18.8%, industrial at 6.4%, retail at 4.9%, and R&D at 13.0%, along with links to detailed reports on each sector and related Bay Area life sciences and investment market data.

This is a first-quarter 2026 industrial sector data report covering the Inland Empire region of California, published by CBRE.

Silicon Valley's industrial market in first quarter 2026 experienced total leasing activity of 2.0 million square feet, down 7.6% quarter-over-quarter and 9.9% year-over-year but remaining 12.1% above its five-year average, with industrial vacancy rising to 7.4% due to new deliveries including 174.7K SF in Sunnyvale and negative net absorption of 524.2K SF. The region's economy outperformed national trends, with the San Jose–Sunnyvale–Santa Clara MSA unemployment rate falling to 4.0% in January 2026 and nonfarm payroll employment growing 0.7% year-over-year, while industrial-using sectors led growth with Mining and Construction expanding 6.0% and warehouse leasing accounting for 57.2% of total activity anchored by a 267.1K SF Tesla Motors lease in Fremont.

Kidder Mathews' first-quarter 2026 Orange County industrial market report documents a direct vacancy rate of 5.7%, average asking rent of $1.46 per square foot on an NNN basis, net absorption of 58,051 square feet, leasing activity of 1.57 million square feet, and new deliveries of 435,000 square feet, reflecting signs of recovery after two years of occupancy declines. The report forecasts gradual market rebalancing through 2026 as development activity declines and available space is absorbed, with asking rents expected to stabilize and then slowly decline as vacant spaces are leased.

Silicon Valley's industrial market in first quarter 2026 shows divergent trends between industrial and warehouse segments, with industrial direct vacancy falling 60 basis points to 4.3% while warehouse vacancy rose 60 basis points to 5.6%, the highest in over three years. Asking lease rates for industrial properties declined 5.8% year-over-year to $1.80 per square foot, while warehouse rates rose 0.6% to $1.57, with both remaining above five-year averages; industrial leasing activity increased 4.3% year-to-date, but warehouse leasing declined 57.0%, reflecting uneven recovery concentrated in advanced manufacturing and technology-adjacent users rather than broad-based demand.

Sacramento's office market posted negative net absorption of 37,000 square feet in Q1 2026 as tenants continued rightsizing, with overall vacancy declining to 14.2% from 15.6% a year earlier and average asking rent at $2.15 per square foot. Major leasing activity included a 121,000-square-foot new lease by the Sacramento County District Attorney Downtown, while capital markets remained limited with seven transactions totaling $30.6 million at an average price of $103 per square foot, reflecting a shift toward higher-quality institutional assets.

Cushman & Wakefield's Q1 2026 Sacramento industrial market report documents a vacancy rate of 7.0%, negative net absorption of 1.6 million square feet driven primarily by large space exits rather than broad tenant demand decline, and stable asking rents at $0.80 per square foot despite economic headwinds including trade policy uncertainty and elevated borrowing costs. Capital markets activity strengthened with 15 transactions exceeding 20,000 square feet totaling approximately $89 million (a 31% increase from Q1 2025), while approximately 663,390 square feet of new industrial product is expected to deliver in 2026, with most attributable to Costco's build-to-suit distribution warehouse.

This is a market report published by Colliers in March 2026 covering the industrial sector in Sacramento, California, with references to national and Phoenix markets.
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Orange County's office market totaled 1.3 million square feet in leasing activity during Q1 2026, with most deals in the 20,000 square feet range and activity concentrated in the Airport Area and Irvine Spectrum submarkets, representing leasing volumes aligned with historical first quarter averages of 1.0 to 1.3 million square feet over the prior three years. Tenant demand showed signs of stabilization as occupiers moved beyond a wait-and-see approach, with Irvine's return-to-office activity reaching a 70% recovery rate as of January 2026.

This is a quarterly industrial market data report published by CBRE on March 31, 2026, covering the Sacramento, California market. The report presents figures and statistics for the industrial sector in the first quarter of 2026.

Cushman & Wakefield's Q1 2026 MarketBeat report examines the Inland Empire office market, which recorded an 8.9% overall vacancy rate, negative net absorption of 35,016 square feet year-to-date, and average asking rents of $2.25 per square foot on a full-service basis. Employment in the region grew modestly by 0.9% year-over-year to 1.7 million jobs, with job gains concentrated in healthcare and education while office-relevant sectors including professional and business services declined, and new leasing activity totaled 206,189 square feet across 107 transactions, down 43.6% year-over-year.

This is a data report published by CBRE on March 31, 2026 presenting industrial sector figures for the first quarter of 2026 covering Silicon Valley and related geographic areas including San Jose, San Francisco, California, and national markets.

This is a market report published by Colliers in Q1 2026 covering the multifamily sector in Sacramento, California.

This is a data report published by CBRE on March 31, 2026 presenting office market figures for the first quarter of 2026, covering Silicon Valley and related geographies including San Jose, San Francisco, California, and national markets.

This is a market research report published by Colliers in Q4 2025 covering the research and development real estate sector in the San Jose-Silicon Valley area. The report addresses office and life-sciences sectors and includes geographic coverage of San Jose, California, the broader San Francisco region, and national context.

This Kidder Mathews report analyzes the Inland Empire multifamily market in fourth quarter 2025, presenting rental rates by unit size (studio to 3-bedroom ranging from $1,379 to $2,255 monthly), transaction data, and construction activity across the region. Key findings show vacancy increased 40 basis points year-over-year to 6.3%, average asking rents rose 1% to $1,937 per unit monthly, average sales price per unit declined 7.8% to $214,901, and cap rates increased 40 basis points to 5.9%, while construction deliveries for the year totaled 5,575 square feet, up 14% from 2024.

The Inland Empire industrial market experienced a cooling phase in Q4 2025, with direct vacancy rising to 7.2%, total availability reaching 12.7%, and average asking rents stabilizing at $1.00 per square foot on a triple net basis, while leasing activity totaled 5.7 million square feet with net absorption of 1.7 million square feet. Market trends indicate continued demand from major distributors and e-commerce companies for modern, high-clear facilities near ports and rail connections, though subleases representing roughly 20% of available space are moderating rents through improvement allowances and rent-free periods, with forecasts suggesting market stabilization and improvement in 2026 as new construction completions remain below historical norms.

This is a market research report published by Colliers on December 31, 2025, covering the office sector in the San Jose-Silicon Valley area. The report addresses Q4 2025 data and includes geographic scope covering San Jose, California, and broader national markets.

The Inland Empire office market in 4Q 2025 showed a vacancy rate of 5.0%, down 15.25% year-over-year, with average asking rents at $2.04 per square foot monthly and average sales prices of $149.74 per square foot. Significant transactions included The Grove Business Park selling for $12.3 million and Victoria Commons for $12 million, while approximately 197,774 square feet remained under construction with expected deliveries through April 2026.
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Silicon Valley's office market recorded 1.5 million square feet of leasing activity in Q4 2025, declining from 2.3 million square feet in Q3 2025 due to a concentration of major tech deals in the prior quarter, though full-year 2025 leasing volume reached 7.0 million square feet, the highest post-pandemic level and a 26 percent increase from 2024. Future leasing momentum is expected to improve based on expansion plans from AI and tech tenants, including OpenAI's reported search for approximately 500,000 square feet in Mountain View.

This is a quarterly market report on the industrial real estate sector in the San Jose-Silicon Valley area, published by Colliers at the end of 2025. The report covers industrial market conditions and conditions in the San Jose, California region as of the fourth quarter of 2025.

Silicon Valley's office market recorded more than 481,000 square feet of positive net absorption in the third quarter of 2025, marking the fourth consecutive quarter of growth, while overall vacancy fell 170 basis points to 16.8%. Major transactions from Netflix and Databricks anchored leasing activity despite office-using employment continuing to decline due to ongoing cost optimization in the tech sector.

Sacramento's office market showed signs of stabilization in the second quarter with vacancy declining 20 basis points to 15.8%, down from 17.3% a year earlier. Year-over-year job growth has slowed to 0.8% as of May, with office-using employment near 2020 lows, though healthcare and government sectors remain relatively strong. Direct asking rents held steady at $2.12 per square foot full service per month.

This is a quarterly industrial real estate market report published by CBRE in March 2026 covering San Diego with national context. The item contains data and figures for the first quarter of 2026 in the industrial sector.

In early 2026, Orange County's office market achieved a direct vacancy rate of 11.3%, representing a 3.8% year-over-year decrease below the national average, with 1.6 million square feet in leasing activity and 69,000 square feet of net absorption driven by strong tenant move-ins and constrained new supply. The market outlook remains cautiously optimistic, supported by 324,000 square feet under construction and 43,000 square feet recently delivered, with average asking rents at $2.86 per square foot on a full-service basis and demand expected to favor high-quality office space amid limited new construction and continued inventory reduction.

This is a data-figures report published by CBRE on March 31, 2026 presenting first-quarter 2026 industrial market figures for Orange County, California.

This MarketBeat report analyzes San Diego's industrial real estate market in the first quarter of 2026, covering economic conditions, supply and demand dynamics, tenant activity, capital markets, and pricing across warehouse, manufacturing, and research and development property types. Key findings include a 7.3% overall vacancy rate (up 20 basis points year-over-year), asking rent of $1.47 per square foot monthly on a triple net basis (down 4.2% year-over-year), net absorption of negative 5,291 square feet year-to-date, and leasing activity of 1.1 million square feet in Q1 2026 (down 28.2% year-over-year), with manufacturing accounting for 35% of leasing volume and employment growth of 0.7% year-over-year lagging historical trends.

This is a market report published by JLL in March 2026 covering office sector dynamics in Orange County, California during the first quarter of 2026.

The Kidder Mathews report tracks San Diego's multifamily market in first quarter 2026, reporting a vacancy rate of 5.4%, average asking rent of $2,417 per unit, and average sales price of $369,930 per unit, with year-over-year changes of 50 basis points in vacancy, flat rental rates, and a 2% decline in sales prices. Significant transactions in the quarter included The Resort at Encinitas selling for $109.995 million and Dylan Point Loma for $91 million, while 2,430 square feet of new construction was delivered and net absorption totaled 1,850 square feet.

This is a market report published by JLL in March 2026 covering the industrial sector in Orange County, California. The report presents dynamics and market conditions for the first quarter of 2026.

San Diego's retail market in Q1 2026 showed modest employment growth of 0.7% year-over-year with vacancy rising to 5.5% and countywide asking rents averaging $2.28 per square foot per month (NNN), up 4.1% year-over-year. Net absorption was negative at -93,261 square feet, with power centers and regional centers experiencing the largest occupancy declines, while healthcare, education, and leisure sectors provided employment stability despite below-historical growth projections for 2026 and 2027.

This is a Q1 2026 office sector data report published by CBRE covering Orange County, California and related markets. The report presents figures and metrics for the office real estate sector as of the first quarter of 2026.

Orange County's office vacancy rate stood at 14.4% in Q2 2026, up 10 basis points quarter-over-quarter but down 340 basis points year-over-year. Industrial vacancy climbed to 5.1% in Q1 2026, rising 60 basis points quarter-over-quarter and 110 basis points year-over-year, while retail vacancy increased to 4.9% in Q1 2026, up 50 basis points quarter-over-quarter and 40 basis points year-over-year.

This is a data report published by CBRE on March 31, 2026, presenting office sector figures for San Diego in the first quarter of 2026.

Cushman & Wakefield's San Diego Office MarketBeat Q1 2026 report documents office market conditions showing a vacancy rate of 15.4% (up 140 basis points year-over-year) and an overall asking rent of $3.48 per square foot, with negative net absorption of 335,000 square feet driven by Class A space losses in Central County submarkets. San Diego's employment grew 0.7% year-over-year to 1.6 million jobs through January 2026, with projected growth of only 1.0% in 2026 and 0.8% in 2027—both below the five-year historical average—indicating continued pressure on office demand amid modest hiring concentrated outside core office-using sectors.

The San Diego office market in first quarter 2026 experienced a 16.2% year-over-year decline in leasing activity to 1.0 million square feet while vacancy remained essentially flat at 13.6%, though availability rose to 17.1% indicating growing marketed space. Sales volume increased substantially by 186.4% year-over-year to 2.3 million square feet with average pricing normalized to $215.21 per square foot compared to $462.67 in the prior year quarter, and the near-term outlook expects continued uneven conditions as occupiers prioritize higher-quality space while investment activity focuses on discounted urban and value-add suburban assets.

The San Diego industrial market recorded 2.1 million square feet of leasing volume and positive direct net absorption of 250.5 thousand square feet in first quarter 2026, while vacancy increased to 9.6% and asking rental rates declined to $1.46 per square foot NNN. Industrial investment sales activity slowed with 1.4 million square feet trading across 54 transactions totaling $260 million, with average pricing falling to $307 per square foot amid selective capital markets and manufacturing employment declining 2.4% year over year in the San Diego-Chula Vista-Carlsbad MSA.

This is a retail sector data report published by CBRE on December 31, 2025, presenting fourth-quarter 2025 figures for Orange County, California. The report covers retail market metrics for the Orange County area within the broader Los Angeles and national geographic context.

This is a market report published by Colliers in Q4 2025 covering the office sector in Orange County, California and surrounding national markets. The report provides research and analysis on office real estate conditions and trends for the fourth quarter of 2025.

This is a market report published by Colliers in Q4 2025 covering the industrial sector in Orange County, California, with national context. The report provides analysis of industrial real estate conditions and market activity in the Orange County and Los Angeles areas.

This is a retail market data report published by CBRE on December 31, 2025, presenting fourth-quarter 2025 figures for the San Diego retail sector.

This is a market report published by CBRE in December 2025 providing an overview of the San Diego life sciences sector for the fourth quarter of 2025. The report covers the life sciences market in San Diego, California, with references to national context.

This is a market report published by Colliers at the end of 2025 covering the multifamily sector in Orange County, California, with national scope. The report presents research findings for the fourth quarter of 2025.

San Francisco's office market achieved historic first-quarter 2026 results, with leasing activity of 4.2 million square feet (second-strongest quarter on record) and net absorption of 1.5 million square feet (highest ever recorded), while vacancy dropped 390 basis points year-over-year to 27.9%. Artificial intelligence and technology companies drove demand, representing just over half of current tenant demand at 9.7 million square feet, with major leases signed by Anthropic (484,000 square feet), OpenAI (282,000 square feet sublease), and other tech firms, while average direct asking rents rose modestly to $67.77 per square foot.

This is a retail sector data report published by CBRE on March 31, 2026, presenting first-quarter 2026 figures for the Los Angeles market.

This is a quarterly data report published by CBRE on March 31, 2026, presenting office sector figures for the San Francisco Peninsula market in the first quarter of 2026.

The SF Bay Area Life Sciences MarketBeat Q1 2026 report covers the region's life sciences real estate market, documenting 113,700 employed positions, a 28.5% overall vacancy rate, asking rents of $5.71 per square foot, and $1.4 billion in venture capital funding during the first quarter. Key findings include eight large-scale projects totaling approximately 2.0 million square feet completed in 2025, overall leasing activity of 664,755 square feet in Q1 2026, and projections that sublease availability will increase while venture capital funding remains critical to market recovery.

The San Francisco Bay Area life science market recorded negative net absorption of 453,685 square feet in Q1 2026, with overall vacancy rising to 29.0% and total availability at 32.3%, while major transactions included Gladstone Institutes' 108,082-square-foot lease and the $600 million sale of Gateway Commons campus. Life science employment declined 7.6% from its 2023 peak to 107,610 workers in Q3 2025, venture capital funding fell to $1.7 billion across 79 deals in Q1 (down from $2.7 billion and 92 deals in Q4), and average asking rents decreased to $5.57 per square foot as the market contended with elevated vacancy and soft leasing conditions.

San Francisco's retail market improved in Q1 2026 with overall vacancy declining to 6.3% (down 70 basis points year-over-year) while asking rents held firm, supported by median household income of $160,900, retail sales growth of 4.4% year-over-year, and expanded leasing activity across fitness, entertainment, food and beverage sectors. Union Square specifically showed stronger recovery with vacancy falling to 20.0%, though the San Francisco Centre mall closed in January 2026 for multi-year redevelopment following years of declining occupancy and anchor tenant losses.