Cupertino Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $76.13 2020 Avg. Asking Rent
  • 8.02% 2020 Office Vacancy Rate
  • $620.8M2020 Total Office Sales
  • $1,026.39Avg. Sale Price/SF

Cupertino office price per square foot in 2020 was $76.13 on average. The local office market recorded an average vacancy rate of 8.02% across all asset classes combined. The 4 transactions that closed here throughout 2020 amounted to a total sale volume of $620.8M. Cupertino office space commanded an average sale price per square foot of $1,026.39.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Cupertino Class A Office Space$81.98
  • Cupertino Class B Office Space$57.07
  • California Class A Office Space$55.92
  • California Class B Office Space$35.12
  • California Class C Office Space$23.50

Cupertino, CA Office Asking Rents by Class

Cupertino Office Sale Price per SF

  • $1,026.392020 Avg. Price per SF
  • $620.8M2020 Office Sales Volume
  • 42020 Number of Transactions

Cupertino, CA Sale Price per SF Trend

  • Cupertino Avg. Sale Price per SF in 2020$1,026.39
  • California Avg. Sale Price per SF in 2020$432.41
The sale price for office space in Cupertino averaged $1,026.39 per square foot in 2020, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $432.41 per square foot.

2020 Office Sales Volume

  • Cupertino, CA Total Office Sales Volume in 2020 $620.8M
  • Cupertino, CA Total Number of Office Sales Closed in 2020 4
A total of 4 deals closed on the Cupertino office market in 2020, adding up to a yearly sales volume of $620.8M. Notably, the largest transaction on the market saw Results Way Corporate Center II change hands for $210,568,400 on 10/29/2020.

Largest Cupertino Office Sales in 2020

Property name Address Date Price
Results Way Corporate Center II 6 Results Way 10/29/2020 $210,568,400
Results Way Corporate Center 5 Results Way 10/29/2020 $135,431,600
Kaiser Permanente - Santa Clara Tantau Medical Offices 19000 Homestead Road 9/22/2020 $103,000,000
Apple - Valley Green 2-3 & Fitness Center 20730 Valley Green Drive 10/22/2020 $50,155,000
10460 Bubb Road 10460 Bubb Road 9/11/2020 $44,403,000
Data provided by Commercial Edge

2020 Office Construction in Cupertino, CA

  • Cupertino, CA Total SF completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Cupertino office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Cupertino
Office building Address SF Completed
Apple Park - 1 Apple Park Way 1 Apple Park Way, 95014 2,880,500 2018
Apple Park - 10335 North Tantau Avenue 10335 North Tantau Avenue, 95014 290,500 2017
Main Street Cupertino - 19339 Stevens Creek Blvd 19339 Stevens Creek Blvd, 95014 130,000 2015
Main Street Cupertino - 19319 Stevens Creek Blvd 19319 Stevens Creek Blvd, 95014 130,000 2015
10900 North Tantau Avenue 10900 North Tantau Avenue, 95014 100,481 2009
Apple - De Anza 12 10495 North De Anza Blvd, 95014 58,390 2008
Ten200 10200 South De Anza Blvd, 95014 161,000 1998
Apple Campus - IL1 1 Infinite Loop, 95014 196,100 1993
Apple Campus - IL6 6 Infinite Loop, 95014 162,368 1993
Apple Campus - IL2 2 Infinite Loop, 95014 157,922 1993

Worth noting among recent office completions on the Cupertino market is Apple Park - 1 Apple Park Way, which is currently the largest new office development in the city, at 2,880,500 square feet.

Data provided by Commercial Edge

See reports for nearby markets

This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Cupertino commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.