Commercial Real Estate Market in San Luis Obispo, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
228 active listings and 2,578 off-market properties in San Luis Obispo, CA. Commercial property asks $197/SF to buy and $18.14/SF/Yr to lease.
Market Trends
San Luis Obispo, CA spans 183.3 square miles in San Luis Obispo County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in San Luis Obispo, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in San Luis Obispo, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in San Luis Obispo, 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 San Luis Obispo, CA asks $494/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
Market overview
Demographics & Economy
San Luis Obispo, CA has 79,913 residents in 30,692 households. Density runs 436 people per square mile. Median household income here is $82,412 and median gross rent $1,896 a month.
79,913
Population
30,692
Households
2.6
Avg Household Size
33
Median Age
48%
College-Educated
94%
High-School Grad
183.3 sq mi
ZIP Area
436
Density / Sq Mi
$82,412
Median Household Income
$30,187
Median Earnings
$1,896
Median Rent
$881,859
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in San Luis Obispo?
Commercial property in San Luis Obispo, CA asks an average of $197 per square foot. The 7 most recent recorded sales traded at a median of $1,128/SF. Multifamily carries the highest asking price at $494/SF.
How much does it cost to lease commercial space in San Luis Obispo?
Asking lease rates in San Luis Obispo, CA average $18.14 per square foot per year.
Where does Realmo's San Luis Obispo market data come from?
Realmo compiles San Luis Obispo, CA figures from 8 recent recorded sales, 66 active sale listings, 162 active lease listings, 2,578 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 162 active for-lease listings in San Luis Obispo, 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.
- 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 · How Realmo checks market page data · Report a data issue
