Commercial Real Estate Market in Larkspur, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
19 active listings and 82 off-market properties in Larkspur, CA. Commercial property asks $178/SF to buy and $30.00/SF/Yr to lease.
Market Trends
Larkspur, CA spans 2.4 square miles in Marin County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Larkspur, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Larkspur, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Larkspur, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Larkspur, CA asks $667/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 61.9%
- Open space 17.4%
- Planned_development 12.5%
- Commercial 2.5%
- Industrial 1.6%
- Civic 1.3%
Largest Zones share of zoned land by district
First Residential
Open Space
Planned Development
Third Residential
Residential Master Plan
Larkspur, CA zones 2,047 acres across 17 districts. Commercial zoning covers 2.5% of zoned land, residential 61.9%, open space 17.4% and industrial 1.6%. The largest single district is First Residential at 45.7%. For commercial buyers the practical constraint is that only 4.1% of land carries a commercial or industrial designation.
First Residential (R-1)
The purpose of the first residential zoning district is to provide for the low density residential areas, protect existing single family dwellings and encourage the development of new single family neighborhoods in an environment free from excessive levels of noise, illumination and glare, air pollution, heat, vibration and other objectionable impacts and en…
Market overview
Demographics & Economy
Larkspur, CA has 7,465 residents in 3,691 households. Density runs 3,163 people per square mile. Median household income here is $182,743 and median gross rent $3,104 a month.
7,465
Population
3,691
Households
2
Avg Household Size
48
Median Age
76%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
3,163
Density / Sq Mi
$182,743
Median Household Income
$84,235
Median Earnings
$3,104
Median Rent
$2,000,001
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mill Valley | — | — |
| San Rafael | — | $32.24 |
Commercial property in Larkspur, CA asks $178/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Larkspur?
Commercial property in Larkspur, CA asks an average of $178 per square foot. The 4 most recent recorded sales traded at a median of $1,123/SF. Multifamily carries the highest asking price at $667/SF.
How much does it cost to lease commercial space in Larkspur?
Asking lease rates in Larkspur, CA average $30.00 per square foot per year.
What zoning applies to commercial property in Larkspur?
Larkspur, CA zones 2,047 acres across 17 districts, of which 2.5% is commercial and 1.6% industrial. The largest single district is First Residential at 45.7% of zoned land. The purpose of the first residential zoning district is to provide for the low density residential areas, protect existing single family dwellings and encourage the development of new single family neighborhoods in an environment free from excessive levels of noise, illumination and glare, air pollution, heat, vibration and other objectionable impacts and en… Residential zoning covers 61.9% and open space 17.4%.
Where does Realmo's Larkspur market data come from?
Realmo compiles Larkspur, CA figures from 4 recent recorded sales, 4 active sale listings, 15 active lease listings, 82 tracked off-market properties, the current Larkspur zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 15 active for-lease listings in Larkspur, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,047 zoned acres across 17 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
