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)
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 % |
- 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
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 |
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 |
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 |
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.