New Blog Post | August 5, 2026
Our firm recently completed a Q2 survey of the region’s 25 flagship Power Centers,
in which we reported that occupancy levels across the
Northern California region reached their highest levels in 4+ years.
Across a 13 million square foot cross section of the region’s top retail assets,
occupancy clocked in at 94.05%. This total included seven assets with occupancy
levels above 99.40%. Vacancy rates are down to pre-Covid levels, and rents
across the region have moved to all-time highs. And while the heady occupancy
and rental rate data suggests that the market may be approaching a peak …

| Inventory (SF) | Available (SF) | Ocupancy Rate | ||
| North Bay | 2,676,153 | 70,020 | 97.38% | ![]() |
| San Francisco/Peninsula | 3,561,286 | 187,459 | 94.74% | ![]() |
| South Bay | 1,665,391 | 58,731 | 96.47% | ![]() |
| East Bay | 5,160,897 | 460,979 | 91.07% | ![]() |
| Bay Area Totals | 13,063,727 | 777,189 | 94.05% | ![]() |
Overall Occupancy
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Data Updated July 2026
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