Milpitas, CA Commercial Real Estate for Lease and Sale

Explore 67 listings of Milpitas commercial real estate for lease and for sale to find the best space for your business.

South Bay Tech Centre

1603 South Main Street, Milpitas, CA
Property

Office

161,652 SF
Availability

12 Spaces

21,411 SF
Year Built

1987
For Lease

$1.85 - $2.25/SF/MO
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AMES BUSINESS PARK

793-803 Ames Ave, Milpitas, CA
Property

Industrial
Availability

1 Space

9,054 SF
Year Built

1987
For Lease

$1.55/SF/MO
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Calaveras Center - Building 2

410 South Abbott Avenue, Milpitas, CA
Property

Industrial

146,269 SF
Availability

1 Space

20,371 SF
Year Built

1990
For Lease

$1.58/SF/MO
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INDUSTRIAL BUILDING FOR SALE

464 Vista Way, Milpitas, CA
Property

Industrial

30,232 SF
Year Built

1985
For Sale Contact for pricing
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Industrial Condominium For Lease

992 & 996 HANSON CT, Milpitas, CA
Property

Industrial

18,788 SF
Availability

1 Space

3,967 SF
Year Built

1986
For Lease

$1.95/SF/MO
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Ames Industrial Park

1180-1260 Ames Ave, Milpitas, CA
Property

Industrial

177,820 SF
Availability

1 Space

30,200 SF
Year Built

1965
For Lease Contact for pricing
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LAND FOR LEASE AND SALE

1000 Yosemite Dr LAND, Milpitas, CA
Property

Other

87,120 SF
Year Built

1979
For Sale

$6,000,000
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Dixon Landing Center

1774-1838 Milmont Drive, Milpitas, CA
Property

Retail

19,395 SF
Availability

3 Spaces

2,900 SF
Year Built

1991
For Lease

$3.00/SF/MO
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McCarthy Center

400 North McCarthy Blvd, Milpitas, CA
Property

Office

1,053,372 SF
Availability

14 Spaces

221,676 SF
Year Built

1999
For Lease

$24.60 - $37.80/SF/YR
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AMES BUSINESS PARK

767 Ames Ave, Milpitas, CA
Property

Industrial
Availability

1 Space

1,811 SF
Year Built

1985
For Lease

$1.60/SF/MO
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Cisco Site 5.1 - 870 Alder Drive

870 Alder Drive, Milpitas, CA
Property

Office

82,325 SF
Availability

1 Space

82,235 SF
Year Built

2001
For Lease Contact for pricing
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McCarthy Ranch Marketplace

11 Ranch Drive, Milpitas, CA
Property

Retail

214,154 SF
Availability

1 Space

43,485 SF
Year Built

1994
For Lease Contact for pricing
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McCarthy Center

940 McCarthy Blvd., N, Milpitas, CA
Property

Industrial

53,666 SF
Availability

1 Space

26,833 SF
Year Built

2000
For Lease

$18.60/SF/YR
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1900 McCarthy Blvd

1900 McCarthy Blvd, Milpitas, CA
Property

Office

80,970 SF
Availability

10 Spaces

43,588 SF
Year Built

1984
For Lease

$27.00/SF/YR
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Oak Creek Business Park

501 Sycamore Dr, Milpitas, CA
Property

Industrial

294,000 SF
Availability

1 Space

294,000 SF
Year Built

2025
For Lease Contact for pricing
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The Fields

1315 McCandless Dr, Milpitas, CA
Property

Retail

86,000 SF
Availability

9 Spaces

29,520 SF
Year Built

2018
For Lease Contact for pricing
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Park Victoria Plaza

1207-1247 S Park Victoria Blvd., Milpitas, CA
Property

Office

10,093 SF
Availability

1 Space

4,048 SF
Year Built

1987
For Lease

$2.25/SF/MO
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TOWN CENTER BUSINESS PARK

155 S Milpitas Blvd, Milpitas, CA
Property

Industrial
Availability

1 Space

42,039 SF
Year Built

1996
For Lease Contact for pricing
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DIXON LANDING BUSINESS PARK

1137 Cadillac Ct, Milpitas, CA
Property

Industrial
Availability

1 Space

13,920 SF
For Lease

$1.95/SF/MO
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Cisco Site 5.1 - 855 East Tasman Drive

855 East Tasman Drive, Milpitas, CA
Property

Office

82,325 SF
Availability

1 Space

82,325 SF
Year Built

2001
For Lease Contact for pricing
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Cisco Site 5.1 - 707 East Tasman Drive

707 East Tasman Drive, Milpitas, CA
Property

Office

82,325 SF
Availability

1 Space

82,325 SF
Year Built

2001
For Lease Contact for pricing
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61 Serra Way

61 Serra Way, Milpitas, CA
Property

Office

16,740 SF
Availability

1 Space

2,400 SF
Year Built

1999
For Lease

$2.00/SF/MO
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FalconX Accelerator
Falconx Incubator Accelerator
691 South Milpitas Boulevard Ste 217, Milpitas, CA
Services

Open Workspace

Dedicated Desk
Amenities

Bike storage

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Pet friendly

Printer

Privacy booths

Projector
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746-776 & 800-876 South Milpitas Blvd

746 South Milpitas Blvd, Milpitas, CA
Property

Industrial

145,152 SF
Availability

1 Space

36,288 SF
Year Built

1979
For Lease Contact for pricing
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LAND FOR LEASE AND SALE

1000 Yosemite Dr LAND, Milpitas, CA
Property

Other
Availability

1 Space

87,120 SF
Year Built

1979
For Lease Contact for pricing
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Hillview I

400 South Hillview Drive, Milpitas, CA
Property

Industrial

61,038 SF
Availability

2 Spaces

17,000 SF
Year Built

1990
For Lease

$1.85/SF/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Milpitas commercial real estate market incorporates 2,505,097 square feet of office space across 18 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Milpitas commercial real estate market includes 733,887 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Milpitas market, there is a total of 2,083,928 square feet of industrial property.

The listing inventory in Milpitas incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Milpitas is represented by Industrial space, which accounts for 904,186 square feet of available listings. Office space available in Milpitas adds up to 871,161 square feet.

Meanwhile, most of the listings of commercial property for sale in Milpitas are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Milpitas is $24.75 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Milpitas can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $32.73 per square foot, industrial space in Milpitas saw average rents of $20.92 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Milpitas, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $31.8 per square foot. In particular, the property type commanding the highest lease rates in Milpitas was Retail space.

Conversely, the highest sale price last year was $21,500,000 that is located at 1323 Great Mall Drive.

The average size of a commercial property in Milpitas depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Milpitas, the average size of an office property is 156,569 square feet.
Retail properties here incorporate an average of 61,158 square feet.
Industrial space in Milpitas is in buildings that are, on average 90,606 square feet in size.

Milpitas, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Milpitas currently add up to 1,963,566 square feet. The market offers 17 active office listing(s), which amount to 871,161 square feet and account for 28% of commercial spaces on the market. Local retail availability includes 101,099 square feet across 13 retail space(s). Industrial space for rent opportunities in Milpitas amount to 904,186 square feet across a total of 29 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	17	871,161
Retail	13	101,099
Industrial	29	904,186
Other	1	87,120

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Milpitas, CA. Currently, there is 782,946 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 1 retail investment opportunity listing(s) , and 8 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	18,670
Retail	1	978
Industrial	8	676,162
Other	3	87,136

Milpitas, CA Commercial Real Estate Market Overview

Milpitas, Calif. is a suburb of San Jose that has benefited greatly from the tech boom. The city neighbors other Silicon Valley markets, such as Mountain View and Santa Clara, which boast world-class tenants and considerable investments in sectors with a large profit margin. Here, the economy leans on technology, research and development, high-tech manufacturing and retail. In fact, Milpitas is home to the recently renovated Great Mall of the Bay Area, which features 1.1 million square feet of retail space.

Situated at the southern tip of the San Francisco Bay Area and just north of San Jose, Milpitas also has an excellent location, granting it the moniker of “The Crossroads of Silicon Valley.” The city is serviced by I-680, I-880 and State Route 237, offering companies here a logistical advantage.

Milpitas, CA Commercial Real Estate for Lease and Sale

South Bay Tech Centre

AMES BUSINESS PARK

Calaveras Center - Building 2

INDUSTRIAL BUILDING FOR SALE

Industrial Condominium For Lease

Ames Industrial Park

LAND FOR LEASE AND SALE

Dixon Landing Center

McCarthy Center

AMES BUSINESS PARK

Cisco Site 5.1 - 870 Alder Drive

McCarthy Ranch Marketplace

McCarthy Center

1900 McCarthy Blvd

Oak Creek Business Park

The Fields

Park Victoria Plaza

TOWN CENTER BUSINESS PARK

DIXON LANDING BUSINESS PARK

Cisco Site 5.1 - 855 East Tasman Drive

Cisco Site 5.1 - 707 East Tasman Drive

61 Serra Way

FalconX Accelerator

746-776 & 800-876 South Milpitas Blvd

LAND FOR LEASE AND SALE

Hillview I

Frequently Asked Questions

Milpitas, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Milpitas, CA Commercial Real Estate Market Overview

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Milpitas, CA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Milpitas, CA?

What factors affect the price of commercial real estate in Milpitas, CA?

What is the average rent for commercial space in Milpitas, CA?

What are the best areas for commercial real estate in Milpitas, CA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Milpitas, CA?

Milpitas, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Milpitas, CA Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us