Silicon Valley Market Status

Median Rate
$55
/sqft/yr
Since 90 days ago
$3
/sqft/yr
Median Size
3,100
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 region is going through a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% increase 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 14% of the office spaces in the Silicon Valley are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1982 and are Class B.

Silicon Valley Community

Subleases

14%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. San Jose $31 1,918,300 sqft
2. Santa Clara $37 1,764,070 sqft
3. San Mateo $51 790,450 sqft
4. Sunnyvale $60 621,650 sqft
5. Mountain View $47 596,690 sqft
6. Milpitas $22 551,120 sqft
7. Menlo Park $66 530,430 sqft
8. Redwood City $51 502,050 sqft
9. Foster City $59 434,810 sqft
10. Palo Alto $71 411,180 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket