South of Market (SOMA) (trophy, ~$92/sqft/yr) is one of 6 San Francisco Class A submarkets we track.

  • South of Market (SOMA) sits at trophy tier.
  • Average rent $92/sqft/yr vs city average 78.
  • Compared submarkets: Transbay (trophy), Financial District (prime), Mission Bay & SoMa (prime).

South of Market (SOMA) vs other San Francisco submarkets

South of Market (SOMA) (trophy, ~$92/sqft/yr) is one of 6 San Francisco Class A submarkets we track.

TL;DR

  • South of Market (SOMA) sits at trophy tier.
  • Average rent $92/sqft/yr vs city average 78.
  • Compared submarkets: Transbay (trophy), Financial District (prime), Mission Bay & SoMa (prime).

Side-by-side with peers

**Transbay** (trophy, $105/sqft/yr) — The trophy core anchored by Salesforce Tower. **Financial District** (prime, $75/sqft/yr) — The historic FiDi spine — Montgomery to California. **Mission Bay & SoMa** (prime, $80/sqft/yr) — Tech-led southern submarket. **Jackson Square** (established, $70/sqft/yr) — Boutique HQ market in historic SF. **Mission Bay** (prime, $78/sqft/yr) — Life-sciences and tech campus belt south of SOMA.

Key facts

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

Frequently asked questions

What other submarkets compete with South of Market (SOMA) in San Francisco?
Transbay, Financial District, Mission Bay & SoMa

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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