South of Market (SOMA) is a trophy-tier San Francisco submarket with average asking rent around $92/sqft/yr.

  • Average asking rent: $92/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $78/sqft/yr ($78 USD).
  • Citywide vacancy: 31.5% — submarket-level availability is typically tighter at trophy tier.

South of Market (SOMA), San Francisco office rents and availability

South of Market (SOMA) is a trophy-tier San Francisco submarket with average asking rent around $92/sqft/yr.

TL;DR

  • Average asking rent: $92/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $78/sqft/yr ($78 USD).
  • Citywide vacancy: 31.5% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

South of Market (SOMA) averages around $92/sqft/yr for Class A, against a citywide Class A index of 78. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The post-2010 tech trophy spine. Large tech HQs, AI, professional services, banking back-office.

Key facts

citySan Francisco
submarketSouth of Market (SOMA)
tiertrophy
averageRentLocal$92/sqft/yr
cityClassARentUsd$78/sqft/yr
cityVacancyPct31.5%

Frequently asked questions

What is the average Class A rent in South of Market (SOMA), San Francisco?
Around $92/sqft/yr. The citywide Class A index sits at $78/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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