Milpitas, CA Commercial Real Estate for Lease and Sale

Explore 64 listing(s) of commercial real estate in Milpitas, CA to find the best space for your business.

CRE Market FAQs

Pecten Court

Pecten Court, Milpitas, CA
Property Type

VacantLand
For Sale

$16,250,000
Property size 3.7 Acre
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Valley Way off Abbott Ave and Hwy 237

Valley Way, Milpitas, CA
Property Type

VacantLand
For Sale

$935,000
Property size 12,458 SF
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Hill Crest Center

750 E. Calaveras Blvd, Milpitas, CA
Space Type

Office
For Lease

$2.00/SF/MO
1 space available / 1,130 SF
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Jacklin Commons

882 Hillview Drive, Milpitas, CA
Space Type

Office
For Lease Contact for pricing

1 space available / 2,185 SF
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893 Ames Ave

893 Ames Ave, Milpitas, CA
Space Type

Industrial
For Lease

$1.70/SF/MO
1 space available / 12,970 SF
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McCarthy Blvd

McCARTHY BOULEVARD MILPITAS, Milpitas, CA
Space Type

Land
For Lease Contact for pricing

3 spaces available / 42,688.8 - 116,740.8 SF
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McCarthy Center

400 North McCarthy Blvd, Milpitas, CA
Space Type

Office
For Lease

$1.75 - $3.35/SF/MO
14 spaces available / 2,807 - 62,874 SF
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Oak Creek Business Park

475 Sycamore Dr, Milpitas, CA
Space Type

Industrial
For Lease Contact for pricing

1 space available / 294,000 SF
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Foothill Square

401 Jacklin Road, Milpitas, CA
Space Type

Retail
For Lease Contact for pricing

1 space available / 5,000 SF
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532 Gibraltar Drive

532 Gibraltar Drive, Milpitas, CA
Space Type

Industrial
For Lease Contact for pricing

1 space available / 35,342 SF
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Murphy Ranch Road & McCarthy Blvd

Murphy Ranch Road & McCarthy Blvd, Milpitas, CA
Property Type

VacantLand
For Sale Contact for pricing

Property size 12.3 Acre
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Milpitas:
- Office Space: The market includes 2,016,964 square feet of office spaces in addition to 71 coworking locations.
- Retail Space: Between malls, restaurants and stores, Milpitas is home to 699,778 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,755,177 square feet of available space in Milpitas.
The average rent for commercial real estate in Milpitas is $24.28 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Milpitas costs $18, while the city’s premium locations ask up to $33.
Office space here averages $31.91 per square foot while industrial space averages $20.83 per square foot. The variation reflects differences in property types, quality, and demand. 
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 220,928 square feet.
- Class B properties are sized 108,813 square feet, on average.
- Class C properties span an average of 2,640 square feet.
CommercialCafe’s CRE offering in Milpitas is enabled by a network of 93 active brokers from 33 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $33 per square foot. In particular, the property type commanding the highest lease rates in Milpitas is Retail space.
The average size of a commercial property here stands at 203,426. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Milpitas:
Office properties:
- Average size: 112,054 square feet.
- Largest property: Full Building (97,367 square feet).
Retail properties:
- Average size: 53,830 square feet.
- Largest property: #11A (31,610 square feet).
Industrial properties:
- Average size: 135,014 square feet.
- Largest property: 1 Floor (294,000 square feet).

Milpitas, CA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 62 listings for commercial real estate currently available for rent in Milpitas add up to 2,655,946 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	23	1,554,165
Retail	12	74,196
Industrial	26	824,160
Other	1	203,425

Office properties:

The market has 23 active office listings, encompassing 1,554,165 square feet.
Milpitas office spaces currently listed on CommercialCafe represent 37% of the total commercial real estate market in Milpitas, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 12 retail listings available, adding up to a total of 74,196 square feet.
Retail spaces account for approximately 19% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Milpitas offers 26 listings, amounting to 824,160 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 41% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 8 properties listed for sale in the Milpitas market, adding up to 25,218 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

0 office properties
1 retail properties
1 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Retail	1	10,093
Industrial	1	2,640
Other	6	12,485

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 Commercial Real Estate Overview

Milpitas, CA Commercial Real Estate for Lease and Sale

Pecten Court

Valley Way off Abbott Ave and Hwy 237

Hill Crest Center

Jacklin Commons

893 Ames Ave

McCarthy Blvd

McCarthy Center

Oak Creek Business Park

Foothill Square

532 Gibraltar Drive

Murphy Ranch Road & McCarthy Blvd

Frequently Asked Questions

Milpitas, CA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

Milpitas, CA Commercial Real Estate Market Overview

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