Commercial Real Estate Market in Gilroy, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
127 active listings and 1,021 off-market properties in Gilroy, CA. Commercial property asks $184/SF to buy and $20.14/SF/Yr to lease.
Market Trends
Gilroy, CA spans 151.8 square miles in Santa Clara County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Gilroy, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Gilroy, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Gilroy, 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 Gilroy, 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 39.7%
- Agricultural 15.1%
- Industrial 14.5%
- Civic 13.4%
- Commercial 9.4%
Largest Zones share of zoned land by district
Single Family Residential
Open Space
Park Public Facilities
Residential Hillside
General Industrial
Single Family Residential (R1)
R1 single-family residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.5.20 Permitted uses and conditional uses. Land in the R1 single-family residential district may be used as provided in the residential use table, section 30.11.10(c) . Conditional uses may be permitted with a conditional use permit, which may be issued by the planning c…
Market overview
Demographics & Economy
Gilroy, CA has 68,090 residents in 20,679 households. Density runs 449 people per square mile. Median household income here is $134,242 and median gross rent $2,256 a month.
68,090
Population
20,679
Households
3.3
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
151.8 sq mi
ZIP Area
449
Density / Sq Mi
$134,242
Median Household Income
$50,421
Median Earnings
$2,256
Median Rent
$1,005,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Gilroy?
Commercial property in Gilroy, CA asks an average of $184 per square foot. The 6 most recent recorded sales traded at a median of $341/SF. Multifamily carries the highest asking price at $719/SF.
How much does it cost to lease commercial space in Gilroy?
Asking lease rates in Gilroy, CA average $20.14 per square foot per year.
Where does Realmo's Gilroy market data come from?
Realmo compiles Gilroy, CA figures from 7 recent recorded sales, 89 active sale listings, 38 active lease listings, 1,021 tracked off-market properties, the current Gilroy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 89 active for-sale and 38 active for-lease listings in Gilroy, 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: 10,038 zoned acres across 24 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 · How Realmo checks market page data · Report a data issue
