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Mountain View Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $73.62 2020 Avg. Asking Rent
  • -1.80% Y-o-Y Avg. Asking Rent Change
  • 11.85% 2020 Office Vacancy Rate

Mountain View office price per square foot in 2020 was $73.62 on average. This marked a -1.80% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.85% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Mountain View Class A Office Space$88.50
  • Mountain View Class B Office Space$64.36
  • Mountain View Class C Office Space$36.86
  • California Class A Office Space$55.92
  • California Class B Office Space$35.12
  • California Class C Office Space$23.50

Mountain View, CA Office Asking Rents by Class

Average office rent in Mountain View rested at $73.62 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Mountain View averaged $88.50 per square foot. Across all submarkets, class B office space recorded an average asking rent of $64.36 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $36.86 per square foot, on average. Comparably, statewide California average office rents by class in 2020 were: $55.92 per square foot for class A office space; $35.12 per square foot for class B office space; $23.50 per square foot for class C office space.

2020 Office Vacancy Rates in Mountain View

Submarket Asking Rents Vacancy Rates
Mountain View - West $73.85 15.07%
Mountain View - East $73.51 15.54%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Mountain View market was 11.85% in 2020. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Mountain View was 15.07% in the Mountain View - West submarket, while the highest office vacancy in the market was 15.54%, recorded in Mountain View - East.

Office Spaces for Rent in California

  • Los Angeles Office Space
  • East Bay Office Space
  • San Diego Office Space
  • San Francisco Office Space
  • San Jose Office Space
  • Sacramento Office Space
  • Irvine Office Space
  • Fresno Office Space
  • Sunnyvale Office Space
  • Santa Clara Office Space
  • Oakland Office Space

2020 Office Construction in Mountain View, CA

  • Mountain View, CA Total SF completed in 2020 221,788
  • Mountain View, CA Total SF under construction in 2021 1,662,762

During 2020, 221,788 square feet of new office space were delivered across the market. At the close of 2020, the Mountain View office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 221,788 square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 1,662,762 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Mountain View
Office building Address SF Completed
Google Charleston East 2000 North Shoreline Blvd, 94043 595,000 2022
Intuit - Bayshore Building 2599 Garcia Avenue, 94043 178,600 2022
Microsoft Silicon Valley Campus 1045 La Avenida Street, 94043 643,000 2021
LinkedIn Middlefield Campus - Building 1 800 East Middlefield Road, 94085 244,022 2021
600 Clyde Avenue 600 Clyde Avenue, 94043 189,974 2021
Ameswell 750 Moffett Blvd, 94043 221,788 2020
Sobrato Pavilion 2435 Hospital Drive, 94040 267,149 2019
1625 Plymouth Street 1625 Plymouth Street, 94043 245,738 2019
599 Castro 599 Castro Street, 94041 109,107 2019
The Village at San Antonio Center II 391 San Antonio Road, 94040 239,006 2018

Worth noting among recent office completions on the Mountain View market is Google Charleston East, which is currently the largest new office development in the city, at 595,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • San Francisco Office Rent Price
  • San Jose Office Rent Price
  • Sunnyvale Office Rent Price
  • Oakland Office Rent Price
  • Santa Clara Office Rent Price
  • Palo Alto Office Rent Price
  • Redwood City Office Rent Price
  • Fremont 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 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 Mountain View 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.

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