One of the most affluent counties in the United States, Santa Clara County has premium office space for rent in its populous cities. Santa Clara County is the sixth largest county in California, and its county seat, San Jose, is the tenth most populous city in the U.S. with close to one million residents. The county is a job-generator for the San Francisco Bay Area, as one quarter of all the area jobs originate here. Firms seeking commercial space for rent will find ample selection in Silicon Valley, joining such technology giants as AMD, Apple, Cisco Systems, eBay, Facebook, Google, Hewlett Packard, Intel, and Yahoo. Companies seeking to lease commercial rental space will find a highly educated workforce, with a median income that is significantly higher than the state average.
Santa Clara County’s economy is service based, with technology dominating the marketplace by value. The San Jose/ Sunnyvale/Santa Clara metropolitan region (the three largest cities in Santa Clara County) was ranked the highest performing metropolitan area in the nation in 2012, with a GDP of $176.7 billion. The technology industry continues to boom in Silicon Valley, which is causing asking rents to rise and vacancies to shrink in the county’s robust commercial real estate market.
Santa Clara County comprises 1,291 square miles, bounded by the Santa Cruz Mountains on the west, and the Diablo Range on the east. A significant portion of the county land is unincorporated ranch and farmland, but 92% of citizens live in the urban parts of the county. A Mediterranean climate, temperatures are rarely too hot or too cold, and the county is warm and dry most of the year.
Santa Clara County has a long history as the seat of technology in the West. Hewlett Packard was founded here in 1939, and IBM installed its West Coast headquarters in Santa Clara County in 1943. As the commercial real estate market continues its strong growth in technology and other industries, the northernmost part of the county, including the cities of Sunnyvale, Mountain View, and Palo Alto, is projected to see the most activity. Firms will continue to find Santa Clara County rents attractive, as they average more than a dollar per square foot less than San Francisco rents.