Silicon Valley Market Status

Median Rate
$51
/sqft/yr
Since 90 days ago
$-3
/sqft/yr
Median Size
3,290
sqft

Concentration of Listing Postings in Silicon Valley

Silicon Valley Rates

On average, listings lease in the $50's per square foot per year. The Silicon Valley submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 7% decline in rent.

Silicon Valley Listing Supply

In the last 90 days, 819 listings have been made available, so you'll want to check back regularly for new listings. About 81% of the listings in the Silicon Valley are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,290 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1982 and are Class B.

Silicon Valley Community

Subleases

84%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. San Jose $34 3,134,130 sqft
2. Redwood City $62 2,441,030 sqft
3. Santa Clara $35 983,280 sqft
4. Palo Alto $63 779,410 sqft
5. South San Francisco $38 703,520 sqft
6. Menlo Park $75 530,920 sqft
7. San Mateo $51 425,160 sqft
8. Sunnyvale $51 338,620 sqft
9. Mountain View $54 242,340 sqft
10. Milpitas $27 185,820 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket