Mountain View, CA Office Overview
The Mountain View real estate market includes the Cuesta Park, North Whisman, and Wagon Wheel submarkets. While the city is home to about 80,000 residents, Mountain View is also part of the larger San Jose metro area, which is home to almost 2 million people. As one of the major cities in the Silicon Valley region, there is robust demand for white-collar labor in Mountain View.
As of mid-2017, the Mountain View market encompasses nearly 13 million square feet of existing office space in properties larger than 50,000 square feet. Bordered by the cities of Palo Alto and Sunnyvale, the commercial real estate market in Mountain View, CA is driven by tech companies of all sizes.
Mountain View, CA Office Inventory Description
Once a small stagecoach stop, over the years Mountain View has grown tremendously and is now home to the headquarters of some of the largest technology companies in the world. Because of that, it's no surprise that Class A and A+ space in Mountain View accounts for over 70% of the total inventory, while Class B product adds another 3.8 million square feet to the market.
One of the many areas of Mountain View that sees consistently robust demand from both Class A tenants and commercial real estate investors is The Crossings submarket. Located between El Camino Real and Alma Street, east of San Antonio Road, this area is home to portfolio properties such as the Old Mill Office Center, 2570 West El Camino Real, and the 2440 West El Camino Real building.
Mountain View, CA Commercial Inventory Breakdown
Office Spaces
Total: 21,871,683 SF
By square footage range:
- 50k to 100k SF: 4,696,773 SF / 21.47% of total office
- 100k to 500k SF: 11,693,831 SF / 53.47% of total office
- 500k to 1M SF: 4,044,478 SF / 18.49% of total office
- > 1M SF: 1,436,601 SF / 6.57% of total office
By class:
- Class A: 12,189,597 SF / 55.73% of total office
- Class B: 4,849,895 SF / 22.17% of total office
- Class C: 60,335 SF / 0.28% of total office
Top 10 Largest Office Buildings
in Mountain View
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Google Mountain View Campus - Charleston South | 1500 Charleston Road, 94043 | 1,436,601 | n/a |
| Google Mountain View Campus - Shoreline | 1901 North Shoreline Blvd, 94043 | 821,865 | n/a |
| Google Mountain View Campus - Landings | 10 Landings Drive, 94043 | 803,004 | n/a |
| Mountain View Center | 701 East El Camino Real, 94040 | 675,299 | 2007 |
| Microsoft Mountain View - Redevelopment | 1045 La Avenida Street, 94043 | 643,000 | 2020 |
| Google Mountain View Campus - Charleston East | 2000 North Shoreline Blvd, 94043 | 595,000 | 2020 |
| 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 |
Most Recently-Built Office Buildings
in Mountain View
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 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 |
| The Village at San Antonio Center I | 401 San Antonio Road, 94040 | 217,754 | 2018 |
| 1001 North Shoreline Blvd | 1001 North Shoreline Blvd, 94043 | 111,443 | 2017 |
| Intuit - Marine Way Building | 2600 Marine Way, 94043 | 185,400 | 2016 |
| 620 National Avenue | 620 National Avenue, 94043 | 151,998 | 2016 |
| 605 Castro Street | 605 Castro Street, 94041 | 28,000 | 2016 |
| Samsung Research Center - 645 Clyde Avenue | 645 Clyde Avenue, 94043 | 192,755 | 2015 |
Mountain View, CA Green Office Space
High-tech tenants are increasingly demanding energy-efficient, green office space, and developers in the city are definitely meeting that demand. About 15% of the office buildings larger than 50,000 square feet in the city are either green, LEED or Energy Star-rated, totaling nearly 2.3 million square feet of office space.
One excellent example of a LEED-certified building in the metro is the 899 West Evelyn building. Located in the Old Mountain View submarket, this Class A property was built in 2013 and brings nearly 69,000 square feet of LEED Gold-certified space to the local real estate market.
Both in California and around the country, the availability of green office space has increased tremendously over the last 12 years. The most recent National Green Building Adoption Index surveyed the top 30 U.S. markets, finding that the percentage of green, Energy Star, and LEED-certified office space skyrocketed 33% over the past dozen years. In fact, California is home to six of the top green office markets in the country.
Mountain View, CA's Top Office-Using Sectors
The Mountain View commercial real estate market is largely driven by top sectors like technology, life sciences, government & healthcare, and larger corporate office users.
- Technology – Google/Alphabet, Linkedin, Microsoft, and Intuit are just some of the many companies that generate demand.
- Life Sciences – The commercial real estate market here is also driven by companies such as Alexza Pharmaceuticals, Complete Genomics, Omnicell, Siemens Medical Solutions, and 23andMe.
- Government & Healthcare – The City of Mountain View and El Camino Hospital are two of the largest employers in the city;.
- Corporate Offices – Samsung, Pure Storage, and Veritas Technologies are a few of the many companies that create white-collar employment in the city.
Mountain View Demographics
Population
- Total Population83,059
- Male Population(53.1 %) 44,137
- Female Population(46.9 %) 38,922
- Median Age35.00
Income/Financial
- Average Household Income$141,299
- Median Household Income$109,159
- Median Income Under 25$83,417
- Median Income 25-44$121,772
- Median Income 45-64$112,707
- Median Income Over 65$56,743
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