Sunnyvale Retail

Sunnyvale

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
6,280
As of: September 25, 2016

Sunnyvale Office & Commercial Space

Located in Santa Clara County in the state of California, the city of Sunnyvale features a residential population of nearly 150,000 inhabitants. Widely considered to be an integral element of California’s famous Silicon Valley, Sunnyvale attracts a wealth of talented professionals and vibrant economic investment each year. Currently, Sunnyvale is the 7th-most populous city within the San Francisco Bay Area at large. Business owners seeking rental properties for lease in Sunnyvale may find that this area offers invaluable visibility and exposure, particularly for those who are seeking to remain competitive within the technology industry. Both office space for rent and commercial space for rent can be found throughout the city of Sunnyvale. Various commercial enterprises can be found in the neighborhood zones if this lively, highly entertaining city.

Sunnyvale Economic Overview

Median household income levels in Sunnyvale are approximately $101,000, almost double that of state averages. As is common with many of the communities found in the Silicon Valley area, Sunnyvale is primarily composed of individuals living within a middle class / upper-middle class income demographic. Popular occupations for residents of Sunnyvale include positions in industries such as the professional, scientific and technical services, construction, electronics, and administrative support. Unemployment levels in Sunnyvale are markedly below state averages. That being said, the city’s current unemployment rate largely mirrors the national average as a whole.

Sunnyvale At A Glance

In 1912, the city of Sunnyvale was officially incorporated within the state of California. Although agricultural production and trade dominated the local economy during this period, post-World War II Sunnyvale was transformed into a vibrant manufacturing and light-industry center. Over the past several decades, the city has attracted the attention of many of the world’s most established and popular technology companies, many of whom have opted to establish a base of operations in the local community here. Demographically, Sunnyvale is almost equally divided between Caucasians and Asians, who, combined, represent over 80% of the local population.

Where to Lease in Sunnyvale

Since 2009, the downtown area of Sunnyvale has been the subject of extensive renovation, helping to ensure that this area remains a viable economic hub for years to come. Business owners seeking advantageous locations to establish their new enterprise may find suitable properties in this particular area of the city at large.