Commercial Real Estate Market in Cupertino, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
40 active listings and 575 off-market properties in Cupertino, CA. Commercial property asks $163/SF to buy and $11.83/SF/Yr to lease.
Market Trends
Cupertino, CA spans 24.9 square miles in Santa Clara County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Cupertino, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Cupertino, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Cupertino, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Cupertino, CA asks $719/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57%
- Planned_development 23.5%
- Open space 8%
- Agricultural 2.4%
- Commercial 0.9%
- Industrial 0.5%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Single Family Residential
Residential Hillside
Park And Recreation
Market overview
Demographics & Economy
Cupertino, CA has 62,585 residents in 23,310 households. Density runs 2,517 people per square mile. Median household income here is $229,074 and median gross rent $3,501 a month.
62,585
Population
23,310
Households
2.7
Avg Household Size
41
Median Age
83%
College-Educated
97%
High-School Grad
24.9 sq mi
ZIP Area
2,517
Density / Sq Mi
$229,074
Median Household Income
$151,245
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| San Jose | — | $20.24 |
| Saratoga | — | $17.40 |
| Sunnyvale | — | $17.88 |
| Santa Clara | — | $16.41 |
Commercial property in Cupertino, CA asks $163/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cupertino?
Commercial property in Cupertino, CA asks an average of $163 per square foot. The 4 most recent recorded sales traded at a median of $1,663/SF. Multifamily carries the highest asking price at $719/SF.
How much does it cost to lease commercial space in Cupertino?
Asking lease rates in Cupertino, CA average $11.83 per square foot per year.
Where does Realmo's Cupertino market data come from?
Realmo compiles Cupertino, CA figures from 4 recent recorded sales, 22 active sale listings, 18 active lease listings, 575 tracked off-market properties, the current Cupertino zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 18 active for-lease listings in Cupertino, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,993 zoned acres across 105 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
