Commercial Real Estate Market in Morgan Hill, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
57 active listings and 772 off-market properties in Morgan Hill, CA. Commercial property asks $561/SF to buy (based on 9 listings) and $15.60/SF/Yr to lease (based on 8 listings).
Market Trends
Morgan Hill, CA spans 120.1 square miles in Santa Clara County, California. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Morgan Hill, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Morgan Hill, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Morgan Hill, 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%.
Multifamily
Across Santa Clara County, multifamily space asks $685/SF to buy. Multifamily vacancy in Morgan Hill, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Market overview
Demographics & Economy
Morgan Hill, CA has 53,126 residents in 17,185 households. Density runs 442 people per square mile. Median household income here is $158,256 and median gross rent $2,242 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Morgan Hill?
How much does it cost to lease commercial space in Morgan Hill?
Where does Realmo's Morgan Hill market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 40 active for-lease listings in Morgan Hill, CA. The medians are based on 9 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
