2023 Office Space Rent & Sales
- $91.99 2023 Avg. Asking Rent
- -3.24% Y-o-Y Avg. Asking Rent Change
- 22.49% 2023 Office Vacancy Rate
Mountain View office price per square foot in 2023 was $91.99 on average. This marked a -3.24% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.49% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Mountain View Class A & A+ Office Space$96.28
- Mountain View Class B Office Space$81.87
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Mountain View, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Mountain View
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Mountain View - West | $93.02 | 42.33% |
Mountain View - East | $79.18 | 21.55% |
Coworking Spaces in California
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2023 Office Construction in Mountain View, CA
- Mountain View, CA Total SF completed in 2023 773,600
- Mountain View, CA Total SF under construction in 2024 231,210
During 2023, 773,600 square feet of new office space were delivered across the market. At the close of 2023, the Mountain View office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 773,600 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 231,210 square feet of office space to the market, before year-end.
Office building | Address | SF | Completed |
---|---|---|---|
Ameswell | 750 Moffett Blvd, 94043 | 221,788 | 2020 |
The Village at San Antonio Center II | 391 San Antonio Road, 94040 | 239,006 | 2018 |
599 Castro St | 599 Castro St, 94041 | 94,918 | 2017 |
605 Castro Street | 605 Castro Street, 94041 | 28,000 | 2016 |
412 El Camino Real, W. | 412 El Camino Real, 94040 | 8,426 | 2016 |
412 W El Camino Real | 412 W El Camino Real, 94040 | 8,426 | 2015 |
Castro Station | 150 Evelyn Ave, W., 94041 | 49,052 | 2014 |
1987 Leghorn Street | 1987 Leghorn St, 94043 | 10,870 | 2014 |
331 Fairchild Drive | 331 Fairchild Drive, 94043 | 87,147 | 2013 |
340 E Middlefield Rd | 340 E Middlefield Rd, 94043 | 18,272 | 2013 |
Worth noting among recent office completions on the Mountain View market is Ameswell, which is currently the largest new office development in the city, at 221,788 square feet.
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.