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% |
Office Spaces for Rent in California
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.
| 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.
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 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.