Highlights
- The average rent for office space in San Jose is $48.62 per square foot, 2.46% higher compared to the previous year.
- The market’s vacancy rate stands at 29.20%, higher than the state average of California, which is 18.44%.
- Renting Class A/A+ office space here costs $57.17 per square foot, while Class B averages $36.75 and Class C stands at $23.88.
- 231,579 square feet is currently under construction.
2025 Office Space Rent & Sales
- $48.62 2025 Avg. Asking Rent
- 2.46% Y-o-Y Avg. Asking Rent Change
- 29.20% 2025 Office Vacancy Rate
- $489.3M2025 Total Office Sales
- $155.80Avg. Sale Price/SF
What is the average asking rent price for office space in San Jose?
Average asking rents for office space here stand at $48.62 per square foot. The local office market recorded an average vacancy rate of 29.20% in 2025, unchanged from 29.20% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $489.3M across 21 sales. These transactions commanded an average sale price per square foot of $155.80.
San Jose, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in San Jose?
- Avg. Asking Rent Class A & A+$57.17
- Avg. Asking Rent Class B$36.75
- Avg. Asking Rent Class C$23.88
The average asking rent for Class A and A+ office space stood at $57.17 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in San Jose averaged $36.75 per square foot, while the average for Class C space was $23.88 per square foot.
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
San Jose, CA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| San Jose - Alviso | $60.83 | 35.19% |
| San Jose - CBD | $51.95 | 40.85% |
| Cupertino | $48.39 | 26.01% |
| San Jose - North | $47.65 | 31.03% |
| San Jose - West Valley | $46.26 | 5.14% |
| Santa Clara - South | $43.30 | 13.89% |
| San Jose - North Central | $35.84 | 11.51% |
| San Jose - Berryessa | $28.87 | 28.96% |
| San Jose - South Central | $27.00 | 3.39% |
| San Jose - South | $26.13 | 23.39% |
2025 Office Sales Volume
- $155.802025 Avg. Price per SF
- -30.35%Y-o-Y Avg. PpSF Change
- $489.3M2025 Office Sales Volume
- 212025 Number of Transactions
What is the average sale price per square foot for office space in San Jose?
Average sale prices for office space in this market recorded a -30.35% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $155.80 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.
San Jose, CA Sale Price per SF Trend
- San Jose Avg. Sale Price per SF in 2025$155.80
- California Avg. Sale Price per SF in 2025$295.06
What was the total office sales volume in San Jose in 2025?
The local office market recorded 21 deals in 2025, adding up to a yearly sales volume of $489.3M.
- San Jose, CA Total Office Sales Volume in 2025 $489.3M
- San Jose, CA Total Number of Office Sales Closed in 2025 21
What were the largest office building sales in San Jose in 2025?
The market’s largest transaction last year was the sale of Synaptics Headquarters for $29,500,000 on 7/24/2025. The next-highest sale was the transaction involving 3000-3030 Orchard Pkwy, which traded for $23,000,000. The third-largest transaction was the sale of 3200 North 1st Street for $22,723,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Synaptics Headquarters | 1109 McKay Drive | 7/24/2025 | $29,500,000 |
| 3000-3030 Orchard Pkwy | 3000 Orchard Pkwy | 8/29/2025 | $23,000,000 |
| 3200 North 1st Street | 3200 North 1st Street | 6/30/2025 | $22,723,000 |
| 3550 North 1st Street | 3550 North 1st Street | 2/14/2025 | $18,530,000 |
| Airport Place - Skyport Plaza 1600 | 1600 Technology Drive | 1/8/2025 | $17,000,000 |
2025 Office Construction in San Jose, CA
- San Jose, CA Total SF completed in 2025 46,142
- San Jose, CA Total SF under construction in 2026 231,579
How much office space was built in San Jose in 2025?
Looking forward, development activity in 2026 is estimated to add 231,579 square feet of office space to the market in total.
What are the largest recent office completions in San Jose?
The largest recent office completion here is One Santana West at 375,000 square feet, completed in 2022. The next largest completions are Plant Shopping Center and Century Towers.
| Office building | Address | SF | Completed |
|---|---|---|---|
| One Santana West | One Santana West, 95128 | 375,000 | 2022 |
| 1098 Lincoln Ave | 1098 Lincoln Ave, 95125 | 15,393 | 2022 |
| 1030 Leigh Ave | 1030 Leigh Avenue, 95126 | 7,200 | 2021 |
| 2755 & 2777 Orchard Pkwy | 2755 Orchard Pkwy, 95134 | 101,374 | 2017 |
| Century Towers | 1729 North 1st Street, 95112 | 330,178 | 2016 |
| HQ @ First | 120 Holger Way, | 227,583 | 2010 |
| 505 Market St., S. | 505 Market St., S., 95113 | 20,623 | 2010 |
| Plant Shopping Center | 1 Curtner Avenue, 95125 | 367,000 | 2008 |
| Riverpark II | 300 Park Ave, 95112 | 321,618 | 2008 |
| 570 Keyes Street | 570 Keyes Street, 95112 | 87,502 | 2006 |
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
- Newport Beach Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.