Mountain View Office Market Trends

Office Rental Market

  • $74.97 2019 Avg. Asking Rent
  • 8.53 % 2019 Avg. Vacancy Rate
  • 613,372 2019 Office Completions (Sqft)
  • 1,639,974 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Mountain View was $74.97 per square foot, and the office vacancy rate across the market averaged 8.53 %. During 2019, developers added 613,372 square feet of new office space to the Mountain View market inventory. Office developments estimated for delivery during 2020 total 1,639,974 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Mountain View Class A Office Buildings$96.20
  • Mountain View Class B Office Buildings$63.13
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Mountain View, CA Office Asking Rents by Class

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Mountain View - West $95.95 7.52 %
Mountain View - East $68.99 13.57 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Mountain View was 7.52 % in the Mountain View - West submarket, where asking rents averaged $95.95.
  • The highest office vacancy rate in 2019 in Mountain View was 13.57 % in the Mountain View - East submarket, where asking rents averaged $68.99.

OFFICE CONSTRUCTION IN Mountain View, CA

  • Mountain View, CA Total Sqft completed in 2019 613,372
  • Mountain View, CA Total Sqft under construction in 2020 1,639,974
10 Largest Office Buildings in Mountain View
Building name Address Total Sqft Year built
Mountain View Center 701 East El Camino Real, 94040 675,299 2007
Microsoft Silicon Valley Campus 1045 La Avenida Street, 94043 643,000 2021
Google Charleston East 2000 North Shoreline Blvd, 94043 595,000 2021
Googleplex - 1600 Amphitheatre Pkwy 1600 Amphitheatre Pkwy, 94043 506,310 1997
San Antonio Station - 100 Mayfield Avenue 100 Mayfield Avenue, 94040 486,400 1986
Symantec Headquarters 350 Ellis Street, 94043 425,000 2001
Google Mountain View Campus - 1900, 1950 & 2000 1950 Charleston Road, 94043 373,702 1999
Sobrato Pavilion 2435 Hospital Drive, 94040 267,149 2019
Mountain View Corporate Center 381 East Evelyn Avenue, 94041 266,088 1987
1625 Plymouth Street 1625 Plymouth Street, 94043 245,738 2019
Largest Office Properties Recently Completed in Mountain View
Office building Address Sqft Completed
Microsoft Silicon Valley Campus 1045 La Avenida Street, 94043 643,000 2021
Google Charleston East 2000 North Shoreline Blvd, 94043 595,000 2021
LinkedIn Middlefield Campus - Building 1 800 East Middlefield Road, 94085 244,788 2021
600 Clyde Avenue 600 Clyde Avenue, 94043 189,974 2021
Ameswell 750 Moffett Blvd, 94043 221,788 2020
Intuit - Bayshore Building 2599 Garcia Avenue, 94043 178,600 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
Data provided by Commercial Edge

Office Spaces for Rent in California

MOUNTAIN VIEW OFFICE SALES TRENDS

  • $1,333.752019 Avg. Price per Sqft
  • 10.28 %Y-o-Y Avg. PpSF Change
  • $516.2M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Mountain View averaged $1,333.75 per square foot. This marked a 10.28 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Mountain View office market in 2019, amounting to a total sales volume of $516.2M.

Average Office Sale Price per Sqft

Mountain View, CA Sales Trends

  • Mountain View Price per Sqft$1,333.75
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Mountain View, CA Total Office Sales Volume in 2019 $516.2M
  • Mountain View, CA Total Number of Office Sales Closed in 2019 3

Largest Mountain View Office Sales in 2019

Property name Address Date Price
620 National Avenue 620 National Avenue 9/12/2019 $190,000,000
Google Mountain View Campus - 900 900 Alta Avenue 4/16/2019 $138,600,000
1489 Charleston Road & 1053 Joaquin Road 1053 Joaquin Road 4/16/2019 $111,625,500
1842 North Shoreline Blvd 1842 North Shoreline Blvd 5/14/2019 $62,077,000
Data provided by Commercial Edge

See trends for nearby markets

The Mountain View office market contains an inventory of 16,663,140 square feet of office space, in 296 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.