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Office Space for Rent in Milpitas, CA - 69 Listings

Milpitas, CA - Office Market Overview

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Milpitas neighbors the Los Gatos, Mountain View, and Santa Clara commercial real estate markets. With a population of nearly 80,000 people, Milpitas is also located immediately north of the City of San Jose, which is home to about 2 million residents. Due to its prime geographic location in the San Francisco Bay Area, the office market in Milpitas, CA, sees consistent demand from both computer and electronics manufacturing companies.

As of mid-2017, the Milpitas office market encompasses nearly 6 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Milpitas, CA, is driven in large part by the numerous corporate headquarters located within the city.

Milpitas, CA - Office Inventory Description

Milpitas has distinct areas for industrial, commercial, and residential use, making it easy for business of all types to find the office space in Milpitas that they are looking for. There is over 5.6 million square feet of Class B office space in Milpitas, accounting for over 93% of the office inventory in the city. Class A or A+ offices in Milpitas bring just over 360,000 square feet more product to the office market.

A few of the larger office buildings in Milpitas that see consistent interest from both tenants and investors alike include the McCarthy Center, the 691 South Milpitas Blvd office building, and the Hillview Executive Park - 830 & 920 Hillview Court.

Milpitas, CA Commercial Inventory Breakdown

Office Spaces

Total: 8,671,878 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 1,902,422 SF / 21.94% of total office
  • 100k to 500k SF: 4,157,116 SF / 47.94% of total office
  • 500k to 1M SF: 1,558,968 SF / 17.98% of total office
  • > 1M SF: 1,053,372 SF / 12.15% of total office

By class:

  • Class A: 361,807 SF / 4.17% of total office
  • Class B: 7,286,648 SF / 84.03% of total office
  • Class C: 73,423 SF / 0.85% of total office

Top 10 Largest Office Buildings

in Milpitas

Office building Address Sqft Year built
McCarthy Center 400 North McCarthy Blvd, 95035 1,053,372 1999
The Campus Center - Phase 2 NWC North McCarthy Blvd & Ranch Drive, 95035 950,000 n/a
Tasman Technology Park 1371 McCarthy Blvd, 95035 608,968 1985
Milpitas Station Corporate Campus 1001 SE Milpitas Blvd, 95035 395,335 1991
Murphy Crossing 1001 Murphy Ranch Road, 95035 361,807 1994
Cisco Site 5 - 821 Alder Drive 821 Adler Drive, 95035 224,667 2000
Cisco Site 5 - 725 Adler Drive 725 Alder Drive, 95035 224,036 2000
Cisco Site 5 - 510 McCarthy Blvd 510 McCarthy Blvd, 95035 223,995 2000
Cisco Site 5 - 560 McCarthy Blvd 560 McCarthy Blvd, 95035 221,580 2000
Cisco Site 5 - 771 Alder Drive 771 Adler Drive, 95035 221,580 2000

Most Recently-Built Office Buildings

in Milpitas

Office building Address Sqft Year built
1511 Buckeye Drive 1511 Buckeye Drive, 95035 94,955 2010
Bay Valley Professional Center 991 Montague Expwy, 95035 47,900 2002
Campus Center - 155 North McCarthy Blvd 155 North McCarthy Blvd, 95035 176,874 2001
Campus Center - 135 North McCarthy Blvd 135 North McCarthy Blvd, 95035 176,874 2001
Campus Center - 115 North McCarthy Blvd 115 North McCarthy Blvd, 95035 117,832 2001
Cisco Site 5.1 - 1020 McCarthy Blvd 1020 McCarthy Blvd, 95134 82,325 2001
Cisco Site 5.1 - 900 McCarty Blvd 900 McCarthy Blvd, 95134 82,325 2001
Cisco Site 5.1 - 707 East Tasman Drive 707 East Tasman Drive, 95134 82,325 2001
Cisco Site 5.1 - 870 Alder Drive 870 Alder Drive, 95134 82,325 2001
Cisco Site 5.1 - 855 East Tasman Drive 855 East Tasman Drive, 95134 82,325 2001

Milpitas, CA - Green Office Space

Employment

As both tenants and office building owners continue to embrace the benefits of energy-efficient, LEED-certified, Energy Star-rated, and green-certified office property, the demand for green office space in Milpitas continues to grow. One great example of a LEED-certified office building in Milpitas is the Campus Center - 115 North McCarthy Blvd . Located northwest of the intersection of Interstate 880 and Highway 236, this property was constructed in 2001 and brings nearly 175,000 square feet of Class B LEED Gold-certified green office space to the commercial real estate market in Milpitas, California.

Across the country, the availability of green office space continues to grow year by year. The most recent National Green Building Adoption Index surveyed the top 30 office markets in the country and discovered that, since 2005, the percentage of green office space has increased to an average of 38%. In 2005, less than 5% of surveyed U.S. office buildings were rated as green. Now, more than two thirds are certified green, energy-efficient office buildings.

Milpitas, CA's Top Office-Using Sectors

The Milpitas office market sees tremendous demand from top office-using sectors like the computer, electronics, and healthcare industries, along with large corporate headquarter users.

  • Computers – Demand for white-collar office space in Milpitas comes from firms such as Quantum, Maxtor, and International Microsystems Inc.
  • Electronics – Cisco Systems, Seagate Technology, and Phoenix Technologies help drive the demand for commercial real estate in Milpitas.
  • Healthcare – Kaiser Permanente is one of the largest employers in this top office-using sector.
  • Corporate Headquarters – White-collar office employment in Milpitas comes from companies such as Adaptec, Intersil, Linear Technology, Sandisk, and Flex, which are headquartered in the city.

Milpitas Demographics

Population

  • Total Population75,498
  • Male Population(50.0 %) 37,742
  • Female Population(50.0 %) 37,756
  • Median Age36.50

Income/Financial

  • Average Household Income$129,005
  • Median Household Income$110,752
  • Median Income Under 25$49,879
  • Median Income 25-44$130,448
  • Median Income 45-64$118,004
  • Median Income Over 65$57,784