WareSpace Pays $16MM for 64,000 SQFT South San Francisco Industrial Building, Plans 86 Micro-Bay Suites
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 101st San Francisco story tracked on the wire in October 2026. All San Francisco coverage →
- Disclosed industrial deal value tracked in October 2026: $1.5B across 21 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
WareSpace has entered the Bay Area with a $16.05 million purchase of a 1965 warehouse at 161 Starlite St. in South San Francisco, passing over the residential upside the site was marketed on in favor of 86 small suite…
External link. Real Estate Trail does not republish source content.
Related coverage — San Francisco · Industrial
MSI Showcases Open Data Center and AI Infrastructure at 2026 OCP Global Summit
SAN JOSE, Calif., Oct. 13, 2026 /PRNewswire/ -- MSI showcases its open data center and AI infrastructure at the 2026 OCP Global Summit (Booth #A49), led by new 21-inch ORv3 systems and DC-MHS modular building blocks,…
TMG, KKR Acquire San Jose’s Skyport Plaza from Hudson Pacific
TMG Partners has acquired Skyport Plaza, a 435,000-square-foot office and retail complex located at 1650 Technology Dr., 1700 Technology Dr., 50 Skyport Dr. and 90 Skyport Dr. in San Jose. TMG Partners acquired the as…
TMG Partners, KKR Buy Vacant 435K SQFT Skyport Plaza in San Jose for $75.5MM, Sign 30-Year Lease with Santa Clara County
Two empty office towers in North San Jose formerly occupied by Qualcomm have found a buyer and a tenant at the same time. A developer bought the property for about half the average price of Silicon Valley office sales…
Cannae Partners Acquires Vacant 33,000 SQFT Lab Building at 1155 Bryant in San Francisco for $8.4MM
San Francisco investor Cannae Partners scooped up the vacant, lab-equipped 1155 Bryant St. in Showplace Square for roughly $8.4 million, a 54 percent haircut from its 2020 price, as the firm assembles a portfolio aime…
Nordstrom Rack Returns to San Francisco With 51,000 SQFT Union Square Store at 2 Stockton Street
Three years after Nordstrom pulled both of its downtown San Francisco stores, the retailer is bringing its off-price Nordstrom Rack brand back to Union Square with a lease for roughly 51,000 square feet at 2 Stockton…
Brannan Street Becomes San Francisco’s Big-Deal Hub as SOMA Leads Q3 With 484,000 SQFT Absorbed
With three of the third quarter's six leases of 100,000 square feet or more landing in South of Market, San Francisco's biggest office deals are shifting away from the South Financial District, with South of Market le…