IBM Silicon Valley Lab
555 Bailey Avenue, San Jose, CA 95141
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- Property Type Office - R&D - Office
- Property Size 565,000 SF
- Lot Size 200.12 Acre
- Parking Spaces Avail. 1808
- Parking Ratio 3.20/ 1,000 SF
- Property Tenancy Owner Occupied
- Building Class B
- Year Built 1977
- City San Jose, CA
- Neighborhood Morgan Hill
- Zip Code 95141
- Market Bay Area
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|370 17th Street #5500||MERRILL, (303) 446-5500||23,824 SF||$23/SF/YR||Modified
|370 17th Street
|Morrison & Foerster,
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Average Actual Rents in San Jose
Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.
Asking Rents in San Jose Office Market
Office rental rates are based on aggregated data of asking rates.
- 2020 Avg. Asking Rent $49.98
- 2020 Office Vacancy Rate 14.46%
- 2020 Office Completions (SF) 461,660
San Jose Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per SF $374.97
- Y-o-Y Avg. PpSF Change 11.77%
- 2020 Office Sales Volume $1.6B
- 2020 Number of Transactions 25
- Property Tax in 2021-2022 $1,772,592
- Market Value* $153,790,691
- Assessed Value $153,790,691
Find more tax info, including assessment history and abatements, on CommercialEdge
*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.
Frequently Asked Questions
What is the total square footage of IBM Silicon Valley Lab?
IBM Silicon Valley Lab totals 565,000 square feet.
When was this property built?
IBM Silicon Valley Lab was built in 1977.
What is the property tax for IBM Silicon Valley Lab?
The property tax for IBM Silicon Valley Lab in 2021-2022 was $1,772,592.
What is the market value for IBM Silicon Valley Lab?
The market value* for IBM Silicon Valley Lab in 2021-2022 was $153,790,691.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.
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