Located within the state of California in Santa Clara County, the city of Milpitas features a residential population of approximately 70,000 inhabitants. Home to a number of tech industry heavyweights and other corporate leaders, Milpitas boasts a healthy economy that has helped the city to become a largely affluent community. Business owners seeking to establish their presence here will find that rental properties for lease, such as office space for rent and commercial space for rent, are available at relatively affordable prices. The numerous neighborhood zones of Milpitas are currently home to a wide variety of enterprises, ranging from the aforementioned corporate infrastructures to smaller retail establishments, all of which benefit from the economic strength of the area.
With median household income levels at approximately $90,000, the city of Milpitas hosts a thriving, strongly middle class / upper-middle class demographic. The area is popular among both working, single adults as well as families. Some of the more popular industries in the area include manufacturing, retail trade, as well as the professional, scientific and technical services. Given the relatively diverse nature of the local economy here, it should come as no surprise that unemployment levels remain quite low relative to the state at large. Milpitas was able to maintain much of its local economy during the years following the 2008 financial crisis. In 2014, Money magazine ranked Milpitas
Milpitas was first incorporated as a city within the state of California in 1954, supported largely by the recent arrival of the Ford Auto Assembly Plant. Although Ford would prove to be a significant lifeline during the early years of this city’s development, further industrial expansion soon began to occur. Although the area suffered from a lack of substantive public transportation for years, a light rail transit system was developed in Milpitas in the opening years of the 21st century. Demographically, Milpitas remains quite mixed, with substantial numbers of international ethnic groups.
The vast majority of retail operations in Milpitas are located at the Great Mall, one of the largest shopping centres in the area. Those seeking to engage with customers on this level may find that the Great Mall, as well as various other shopping centres in the more commercial districts of Milpitas, are most conducive for business growth.