Silicon Valley Market Status

Median Rate
$55
/sqft/yr
Since 90 days ago
$42
/sqft/yr
Median Size
3,270
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 experiencing a a boost in rates. In the last 3 months, the median rate increased $55 per sqft per year.

Silicon Valley Listing Supply

In the last 90 days, 819 listings have been listed, so you'll want to check back regularly for new listings. About 87% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,220 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1982 and are Class B.

Silicon Valley Community

Subleases

85%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. San Jose $35 2,248,690 sqft
2. Santa Clara $33 1,491,430 sqft
3. Redwood City $59 1,384,370 sqft
4. South San Francisco $38 737,460 sqft
5. Milpitas $24 561,020 sqft
6. Sunnyvale $45 510,790 sqft
7. Foster City $59 417,140 sqft
8. Palo Alto $71 409,610 sqft
9. San Mateo $51 385,870 sqft
10. Mountain View $47 245,740 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket