Friday, September 25, 2026 Hotel Times Markets, development and the deal wire
Construction & Development

Mission Rock Dates Its Demand and Publishes No Room Block

Mission Rock's first phase is complete with offices, 537 apartments and no lodging. The district's tenants date the demand and the programme carries no room block.

The Base The District Books

Mission Rock's first phase is complete across 28 acres south of Oracle Park. The district's tenants are offices and homes, and the schedule behind them is public.

Visa took 300,000 square feet for its headquarters in Building G, the 13-storey Henning Larsen tower, with approximately 1,000 employees. Nvidia signed 45,000 square feet in Building B at 1090 Dr. Maya Angelou Lane in November 2025. The Golden State Warriors and Coinbase hold leases in the same building, which carried 30,000 square feet left to fill at that signing. Building B is the eight-storey WORKac office and lab building.

Phase one holds 537 apartments across The Canyon and Verde. The Port of San Francisco puts full build-out at up to 1,200 homes and 2.7 million square feet of office, shop and restaurant space, with eight acres of parks and a plaza.

What The Booking Record Carries

A hotel appears in no published phase of the programme. The district publishes no room block, no rate, no operator and no arrival date for a lodging building.

A reservations team reading this file gets a dated office and residential base with no keys behind it. The nearest keys sit across the cove, and none of them carries a group block for the district.

The Rooms The District Can Hand A Client

Straight-line distances from China Basin Park at 37.7761250, -122.388345. Luma Hotel San Francisco at 100 Channel Street, 726 feet. Hotel VIA at 138 King Street, 1,392 feet. Hyatt Place San Francisco/Downtown at 701 Third Street, 1,500 feet, with 230 rooms. The Clancy, Autograph Collection, 4,345 feet. Canopy by Hilton San Francisco SoMa, 4,579 feet. W San Francisco, 4,879 feet, with 401 rooms. InterContinental San Francisco, 5,206 feet. The St. Regis San Francisco, 5,221 feet, with 260 rooms. Hyatt Regency San Francisco Downtown SOMA, 5,707 feet, with 686 rooms.

Every figure is straight-line from that one point. Street routes run longer.

The Market Rates The District Sits Between

San Francisco Travel released its forecast on 26 August 2026. It projects 70.7 percent occupancy for 2026 with an average daily rate of $266.16 and revenue per available room of $188.06, and 72.1 percent, $271.43 and $195.61 for 2027. The 2027 forecast carries 33 events at Moscone Center and more than 640,000 room nights.

The supply side is frozen. Atlas Hospitality Group's survey records zero hotel rooms under construction in San Francisco in 2025 against 169 rooms in 2024, and 15 hotels with 1,610 rooms across the Bay Area against 21 hotels and 2,452 rooms the year before.

Engine records a $165 city par rate across 3.1 million observations from May 2024 to April 2026, which ranks San Francisco 18th of 50 markets and 11 percent above the $148 median. The band runs from $129 in December to $197 in March.

The Terms The File Does Not State

The published record carries no corporate rate, no booking window, no cancellation term and no commission arrangement for the district's tenants. Ask the leasing agent for the arrival dates tenant by tenant. Ask the surrounding properties for their own windows and cut-off rules. Ask the district for the programme on the phases behind phase one before a group block goes to paper.

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