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
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
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 |
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.
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.
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.