Commercial Real Estate Market in San Rafael, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
153 active listings and 1,535 off-market properties in San Rafael, CA. Commercial property asks $116/SF to buy and $32.24/SF/Yr to lease.
Market Trends
San Rafael, CA spans 33.0 square miles in Marin County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in San Rafael, 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 Rafael, 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 Rafael, 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 Rafael, 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
Market overview
Demographics & Economy
San Rafael, CA has 73,852 residents in 29,120 households. Density runs 2,239 people per square mile. Median household income here is $116,533 and median gross rent $2,558 a month.
73,852
Population
29,120
Households
2.5
Avg Household Size
43
Median Age
51%
College-Educated
86%
High-School Grad
33 sq mi
ZIP Area
2,239
Density / Sq Mi
$116,533
Median Household Income
$53,182
Median Earnings
$2,558
Median Rent
$1,278,560
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in San Rafael?
Commercial property in San Rafael, CA asks an average of $116 per square foot. The 6 most recent recorded sales traded at a median of $878/SF. Multifamily carries the highest asking price at $667/SF.
How much does it cost to lease commercial space in San Rafael?
Asking lease rates in San Rafael, CA average $32.24 per square foot per year.
Where does Realmo's San Rafael market data come from?
Realmo compiles San Rafael, CA figures from 7 recent recorded sales, 77 active sale listings, 76 active lease listings, 1,535 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 77 active for-sale and 76 active for-lease listings in San Rafael, 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 · report a data issue
