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224 Commercial Real Estate Listings in Milpitas, CA

  • DIXON LANDING BUSINESS PARK - Milpitas
    1533 California Cir, Milpitas, CA
    For Lease
    • $2.75/Sqft/Month
    Property
    • Office
    Availability
    • 1 Space
    • 7,309 Sqft
    View Details
  • WRIGLEY CREEK INDUSTRIAL PARK - Milpitas
    220 Railroad Ave, Milpitas, CA
    For Lease
    • $1.05/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 25,355 Sqft
    Year Built
    • 1986
    View Details
  • LAND  FOR LEASE - Milpitas
    69 Sinnott Ln, Milpitas, CA
    For Lease
    • $0.3/Sqft/Month
    Property
    • Other
    Availability
    • 1 Space
    • 12,000 Sqft
    View Details
  • MURPHY CROSSING - Milpitas
    1011 McCarthy Blvd, Milpitas, CA
    For Lease
    • $0.99/Sqft/Month
    Property
    • Office
    Availability
    • 1 Space
    • 72,580 Sqft
    Year Built
    • 1994
    View Details
  • R&D SPACE FOR LEASE - Milpitas
    1503 N Milpitas Blvd, Milpitas, CA
    For Lease
    • $1.45/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 5,760 Sqft
    View Details
  • FLEMING BUSINESS PARK - Milpitas
    1171 Montague Expy Building 5, Milpitas, CA
    For Lease
    • $1.05/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 75,547 Sqft
    Year Built
    • 1998
    View Details
  • INDUSTRIAL SPACE FOR LEASE - Milpitas
    1055 Pecten Ct, Milpitas, CA
    For Lease
    • $1.25/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 5,850 Sqft
    View Details
  • FLEMING BUSINESS PARK - Milpitas
    1029 Montague Expy Building 3, Milpitas, CA
    For Lease
    • $1.3/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 141,017 Sqft
    View Details
  • TASMAN TECHNOLOGY PARK - Milpitas
    1421 McCarthy Blvd, Milpitas, CA
    For Lease
    • $1.6/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 31,165 Sqft
    Year Built
    • 1985
    View Details
  • Ames Industrial Park - Milpitas
    1180-1260 Ames Ave, Milpitas, CA
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 177,820 Sqft
    Availability
    • 2 Spaces
    • 42,672 Sqft
    Year Built
    • 1965
    View Details
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  • Wrigley Way Industrial Pk - Milpitas
    901-927 Wrigley Wy, Milpitas, CA
    For Lease
    • $9.36/Sqft/Year
    Property
    • Industrial
    • 174,268 Sqft
    Availability
    • 1 Space
    • 100,103 Sqft
    Year Built
    • 1980
    View Details
  • Oak Creek Business Park - Milpitas
    501 Sycamore Dr, Milpitas, CA
    For Lease
    • $22.2/Sqft/Year
    Property
    • Industrial
    • 71,472 Sqft
    Availability
    • 1 Space
    • 71,472 Sqft
    Year Built
    • 1983
    View Details
  • 1900 McCarthy Blvd - Milpitas
    1900 McCarthy Blvd, Milpitas, CA
    For Lease
    • $34.2/Sqft/Year
    Property
    • Office
    • 80,970 Sqft
    Availability
    • 10 Spaces
    • 37,963 Sqft
    Year Built
    • 1984
    View Details
  • McCarthy Center - Milpitas
    880 McCarthy Blvd., N, Milpitas, CA
    For Lease
    • $39/Sqft/Year
    Property
    • Industrial
    • 62,874 Sqft
    Availability
    • 1 Space
    • 5,207 Sqft
    Year Built
    • 2000
    View Details
  • 1090-1096 Pecten Court - Milpitas
    1096 Pecten Court, Milpitas, CA
    For Lease
    • $0.89/Sqft/Month
    Property
    • Industrial
    • 93,962 Sqft
    Availability
    • 1 Space
    • 95,559 Sqft
    Year Built
    • 1984
    View Details
  • South Bay Tech Centre - Milpitas
    1603 South Main Street, Milpitas, CA
    For Lease
    • $1.65 - $1.95/Sqft/Month
    Property
    • Office
    • 161,652 Sqft
    Availability
    • 19 Spaces
    • 27,286 Sqft
    Year Built
    • 1987
    View Details
  • 100 North Milpitas Blvd - Milpitas
    100 North Milpitas Blvd, Milpitas, CA
    For Lease
    • $2.5/Sqft/Month
    Property
    • Office
    • 39,057 Sqft
    Availability
    • 2 Spaces
    • 26,028 Sqft
    Year Built
    • 1978
    View Details
  • Oak Creek Business Center - Milpitas
    1551 McCarthy Blvd, Milpitas, CA
    For Lease
    • Contact for pricing
    Property
    • Office
    • 48,926 Sqft
    Availability
    • 4 Spaces
    • 5,888 Sqft
    Year Built
    • 1984
    View Details
  • McCarthy Center - Milpitas
    400 North McCarthy Blvd, Milpitas, CA
    For Lease
    • $1.5 - $3.05/Sqft/Month
    Property
    • Office
    • 1,053,372 Sqft
    Availability
    • 10 Spaces
    • 152,377 Sqft
    Year Built
    • 1999
    View Details
  • Bay Valley Professional Center - Milpitas
    991 Montague Expwy, Milpitas, CA
    For Lease
    • $34.2/Sqft/Year
    Property
    • Office
    • 47,900 Sqft
    Availability
    • 1 Space
    • 1,819 Sqft
    Year Built
    • 2002
    View Details
  • 691 South Milpitas Blvd - Milpitas
    691 South Milpitas Blvd, Milpitas, CA
    For Lease
    • $2.35/Sqft/Month
    Property
    • Office
    • 103,955 Sqft
    Availability
    • 3 Spaces
    • 18,988 Sqft
    Year Built
    • 1998
    View Details
  • Milpitas Station Corporate Campus - Milpitas
    1001 SE Milpitas Blvd, Milpitas, CA
    For Lease
    • $2.15/Sqft/Month
    Property
    • Office
    • 395,335 Sqft
    Availability
    • 3 Spaces
    • 241,963 Sqft
    Year Built
    • 1991
    View Details
  • Milpitas Industrial Park - 901 Wrigley Way - Milpitas
    901 Wrigley Way, Milpitas, CA
    For Lease
    • $1.15/Sqft/Month
    Property
    • Industrial
    • 168,000 Sqft
    Availability
    • 3 Spaces
    • 174,268 Sqft
    Year Built
    • 1980
    View Details
  • Campus Center - 115 North McCarthy Blvd - Milpitas
    115 North McCarthy Blvd, Milpitas, CA
    For Lease
    • $2.95/Sqft/Month
    Property
    • Office
    • 117,832 Sqft
    Availability
    • 1 Space
    • 118,127 Sqft
    Year Built
    • 2001
    View Details
  • Tasman Technology Park - Milpitas
    540 Alder Dr, Milpitas, CA
    For Lease
    • $17.4/Sqft/Year
    Property
    • Industrial
    • 52,812 Sqft
    Availability
    • 1 Space
    • 52,812 Sqft
    Year Built
    • 1985
    View Details
  • McCarthy Business Center - Milpitas
    1525 McCarthy Blvd, Milpitas, CA
    For Lease
    • $2.25/Sqft/Month
    Property
    • Office
    • 75,744 Sqft
    Availability
    • 1 Space
    • 2,692 Sqft
    Year Built
    • 1983
    View Details

Milpitas, CA Commercial Real Estate

There are currently 224 commercial listings available in Milpitas, CA. These listings include 163 commercial spaces that encompass a total of 4,685,464 square feet. Available commercial spaces in Milpitas, CA range in size from 200 square feet to 411,206 square feet. A total of 133 off-market commercial properties located in Milpitas, CA are also available for research.

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Milpitas, CA Economic Overview

Location Photo

Milpitas is a city in Santa Clara County, situated within the Silicon Valley region. The city covers 13.6 square miles between two major freeways, the I-680 and the I-880. With Alameda County bordering directly to the north, Milpitas sits in the extreme northeast section of the South Bay, bordering the East Bay and Fremont. “Milpitas” translates to “place of little cornfields” from its Spanish name and was once used as a popular rest stop for travelers on the old Oakland-San Jose highway. Now commonly referred to as the “Crossroads of Silicon Valley,” Milpitas is globally recognized as a center of technology, innovation, and research and has experienced tremendous growth since its incorporation in 1954. The City is home to the corporate headquarters of several global companies, serving approximately 6,265 companies in total, including Adaptec, Intersil, Viavi Solutions, Lumentum Holdings, KLA-Tencor, Linear Technology, LTX-Credence, Sandisk, Sigma Designs, and Flex. Cisco Systems also maintains an office within the City limits. Milpitas is a progressive community that is an integral part of the high-tech Silicon Valley, home to diversified resident population of over 70,800. At the Silicon Valley Crossroads, the Milpitas commercial real estate is uniquely situated at the southern tip of the San Francisco Bay and enjoys the surrounding quality schools, neighborhoods, shopping centers, and community parks in the area. In 2014, Money Magazine ranked Milpitas 29th for the best places to live in the U.S.

Milpitas, CA Commercial Real Estate Market

The growing economy of Milpitas has seen rapid commercial development in the area. Milpitas offers the advantages of a metropolitan location with value-priced land, labor, and cost of doing business. The abundance of industrial and commercial properties ready for development creates attractive real estate prices relative to the rest of Silicon Valley. Currently, an estimated 410 acres of land are dedicated to regional and community retail centers supporting 3.5 million square feet of commercial shops. Milpitas is well-known for its Great Mall of the Bay Area, the largest enclosed mall in Northern California, with approximately 1.1 million square feet of leasable space for retail and entertainment operations. Several local shopping centers in Milpitas also serve regional needs for Asian-oriented retail and services. Notable development in the area include investments by Flextronics, Cisco, KLA Tencor, Micron Technology, Inc., and SGO with millions dedicated to tenant improvements in their buildings. Property owners of the former LifeScan campus and Tasman TechPark invested in redeveloping buildings and outdoor spaces to attract new tenants. Micron, a local company, has expanded at the Tasman Tech Park, and SonicWALL recently acquired 74,824 square feet of R&D space on McCarthy Boulevard in 2017.

The Fremont/Milpitas office market hosts over 3.2 million square feet of total office space inventory, at a current vacancy rate of approximately 10%. Most listings average at $36 per square foot per year, and the median size of office space is 1,960 square feet, with most properties rising up to two stories.

Milpitas, CA Office Rental Rates ($/SF/year)

Data provided by Yardi Matrix, for properties larger than 50K SF.

Milpitas, CA Office Sales

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Milpitas, CA Commercial Inventory Breakdown

Office Spaces

Total: 8,809,225 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 2,227,203 SF / 25.28% of total office
  • 100k to 500k SF: 4,919,682 SF / 55.85% of total office
  • 500k to 1M SF: 608,968 SF / 6.91% of total office
  • > 1M SF: 1,053,372 SF / 11.96% of total office

By class:

  • Class A: 361,807 SF / 4.11% of total office
  • Class B: 8,246,221 SF / 93.61% of total office
  • Class C: 73,423 SF / 0.83% of total office

Industrial

Total: 9,141,831 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 1,540,881 SF / 16.86% of total industrial
  • 100k to 500k SF: 6,375,950 SF / 69.74% of total industrial
  • > 1M SF: 1,225,000 SF / 13.4% of total industrial

By class:

  • Class A: 4,226,850 SF / 46.24% of total industrial
  • Class B: 4,423,941 SF / 48.39% of total industrial

Office Spaces with Retail

Total: 3,182,969 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 595,979 SF / 18.72% of total office with retail
  • 100k to 500k SF: 969,909 SF / 30.47% of total office with retail
  • > 1M SF: 1,617,081 SF / 50.8% of total office with retail

Employment in Milpitas, CA

Employment

Milpitas enjoys a strong and well-educated labor force, primarily concentrated in high-technology jobs. The unemployment rate in Milpitas is 3.8%, with an annual job growth of 3.34%. The surrounding Santa Clara County also boasts a strong labor force of 1 million, primarily employed in Professional and Business Services. Milpitas has a dynamic high-technology economy, ranking first in the U.S. with the largest percent of residents employed in the computer and electronic products industry. The two largest employers in Milpitas are Cisco Systems and Sandisk Corp., employing over 2,500 each.

According to the Bureau of Labor Statistics, the industries in the San Jose-Sunnyvale-Santa Clara, CA area with the highest employment numbers include:

  • Professional and Business Services—currently employs 227,800, growing at 1.4% per year
  • Education and Health Services—currently employs 166,900, growing at 2.8% per year
  • Manufacturing—currently employs 166,300, growing at 1.1% per year

Education in Milpitas, CA

Milpitas’ public schools are run by the Milpitas Unified School District, operating nine elementary schools, two middle schools, and two high schools. Currently Milpitas High is one of the biggest high schools in the county, with approximately 3000 students.

There are 65 colleges within 50 miles of Milpitas. The nearest college is Heald College San Jose, located just 1.8 miles from Milpitas center. University of Phoenix Bay Area Campus, Mission College, and Santa Clara University are all located under 10 miles from Milpitas, with world renowned Stanford University located 16 miles from Milpitas.

Commuting Time in Milpitas, CA

As with many other Californian suburbs, Milpitas has divided roads that are maintained well by the local city government. The main methods of transportation to and within the City include:

  • State Route 237, Interstate 680, and Interstate 880 link Milpitas to the rest of the Bay Area. Interstates 680 and 880 lead north to Fremont and south to downtown San Jose. On the other hand, Highway 237 begins at Milpitas and goes west to Sunnyvale and Mountain View.
  • Light rail service and local buses for public transportation provided by the Santa Clara Valley Transportation Authority (VTA). The northernmost stations of the Alum Rock – Santa Teresa light rail line serve the city. Three light rail stations lie within city limits: Montague, Great Mall/Main, and I-880/Milpitas. VTA bus routes in Milpitas are 46, 47, 66, 70, 71, 77.
  • The nearest airports to the city are the Norman Y. Mineta San Jose International Airport (SJC) and Reid-Hillview Airport in East San Jose, the latter of which is for small private airplanes.

Employees in Milpitas face an average commute time roughly equal to the national average of 24.8 minutes. The largest share of workers drive alone, followed by those who carpoole and use public transit.

Milpitas Demographics

Population

  • Total Population79,517
  • Male Population(52.2 %) 41,475
  • Female Population(47.8 %) 38,042
  • Median Age36.30

Income/Financial

  • Average Household Income$154,560
  • Median Household Income$132,320
  • Median Income Under 25$76,146
  • Median Income 25-44$160,412
  • Median Income 45-64$133,420
  • Median Income Over 65$71,929