Commercial Real Estate Report - San Jose, CA [Office]

Property Type

View market and submarket information on Office space in San Jose, California. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in San Jose, California.

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

San Jose, CA - Entire Metro
Submarkets
Palo Alto/Mtn View -40 bps  
Cupertino/Campbell -20 bps  
Airport/Milpitas -10 bps  
San Jose 20 bps  
S. Clara/Sunnyvale 60 bps  
 
 
 
 
 

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 4.2% 6.9% 5.2% 6.5%
Median 4.3% 6.1% 5.2% 6.5%
12 Month Rolling 5.8% 6.9% 6.7% 6.7%

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
San Jose 87560 BC $14
San Jose 63610 BC $30
San Jose 61760 BC $26
Airport/Milpitas 48680 A $34
Airport/Milpitas 30950 BC $25
San Jose 31131 BC $19
S. Clara/Sunnyvale 84570 BC $12
S. Clara/Sunnyvale 16870 BC $20
S. Clara/Sunnyvale 58550 BC $23
S. Clara/Sunnyvale 58970 BC $29

Change From Previous Quarter

Market Rent Vac Inv
San Jose 0.2% 10 bps 0.0%
West Region 0.0% -10 bps -0.1%
United States 0.0% 0 bps -0.0%

Metro vs. Region 0.2% 20 bps 0.0%
Metro vs. US 0.2% 10 bps 0.0%

Latest New Construction Updates

National Office Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Office Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
125. St. Louis, MO 18.8%
126. Biloxi-Gulfport, MS 18.9%
127. Bremerton-Silverdale, WA 19.0%
128. Myrtle Beach, SC 19.0%
129. Northern New Jersey, NJ 19.1%
130. San Jose, CA 19.1%
131. Westchester, NY 19.1%
132. Allentown, PA 19.2%
133. Longview, TX 19.2%
134. Charlottesville, VA 19.3%
135. Mobile, AL 19.3%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
San Jose -0.7% 1,983 bps 1.8%
West Region 0.3% 1,778 bps 0.6%
United States 0.6% 1,704 bps 0.9%

Metro vs. Region -1.0% 205 bps 1.2%
Metro vs. US -1.4% 279 bps 0.8%