2024 Office Space Rent & Sales
- $31.91 2024 Avg. Asking Rent
- 1.92% Y-o-Y Avg. Asking Rent Change
- 23.41% 2024 Office Vacancy Rate
Milpitas office price per square foot in 2024 was $31.91 on average. This marked a +1.92% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.41% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Milpitas, CA Office Asking Rents by Class
Office Spaces for Rent in California
Coworking Spaces in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Venture Commerce Center | 1164 Cadillac Ct, 95035 | 6,400 | 2007 |
| 1148 Cadillac CT | 1148 Cadillac CT, 95035 | 1,432 | 2007 |
| Cisco Site 5.1 - 1020 McCarthy Blvd | 1020 McCarthy Blvd, 95134 | 82,325 | 2001 |
| Cisco Site 5.1 - 900 McCarty Blvd | 900 McCarthy Blvd, 95134 | 82,325 | 2001 |
| Cisco Site 5.1 - 707 East Tasman Drive | 707 East Tasman Drive, 95134 | 82,325 | 2001 |
| Cisco Site 5.1 - 870 Alder Drive | 870 Alder Drive, 95134 | 82,325 | 2001 |
| Cisco Site 5.1 - 855 East Tasman Drive | 855 East Tasman Drive, 95134 | 82,325 | 2001 |
| Hillview Executive Park - 890 Hillview Court | 890 Hillview Court, 95035 | 56,087 | 2000 |
| 1533 California Circle | 1533 California Circle, 95035 | 29,976 | 2000 |
| McCarthy Center | 400 North McCarthy Blvd, 95035 | 1,053,372 | 1999 |
Worth noting among recent office completions on the Milpitas market is Venture Commerce Center, which is currently the largest new office development in the city, at 6,400 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
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- Beverly Hills Office Rent Price
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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Milpitas 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.