Commercial Real Estate Market in San Jose, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,026 active listings and 12,498 off-market properties in San Jose, CA. Commercial property asks $88/SF to buy and $20.24/SF/Yr to lease. Office vacancy runs 14.9%, the loosest of the segments tracked here.
Market Trends
San Jose, CA spans 438.1 square miles in Santa Clara County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in San Jose, CA runs 14.9% in 2025, up from 9.8% in 2019. Down from a 2024 peak of 16.4%.
Vacancy Rate %
Retail
Retail vacancy in San Jose, CA runs 5.4% in 2025, up from 4.4% in 2019.
Vacancy Rate %
Industrial
Industrial vacancy in San Jose, 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 San Jose, 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
Market overview
Demographics & Economy
San Jose, CA has 1,036,433 residents in 351,254 households. Density runs 2,366 people per square mile. Median household income here is $142,596 and median gross rent $2,664 a month.
1,036,433
Population
351,254
Households
3
Avg Household Size
38
Median Age
46%
College-Educated
85%
High-School Grad
438.1 sq mi
ZIP Area
2,366
Density / Sq Mi
$142,596
Median Household Income
$68,639
Median Earnings
$2,664
Median Rent
$1,194,645
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cupertino | — | — |
| Santa Clara | — | $16.41 |
Commercial property in San Jose, CA asks $88/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in San Jose?
Commercial property in San Jose, CA asks an average of $88 per square foot. The 7 most recent recorded sales traded at a median of $668/SF. Multifamily carries the highest asking price at $719/SF.
How much does it cost to lease commercial space in San Jose?
Asking lease rates in San Jose, CA average $20.24 per square foot per year.
What is the office vacancy rate in San Jose?
Office vacancy in San Jose, CA is 14.9% as of 2025, up from 9.8% in 2019. Retail vacancy is 5.4%, below Office vacancy.
Which property type has the lowest vacancy in San Jose?
Retail has the lowest vacancy in San Jose, CA at 5.4%, inside a 4.4–5.4% band since 2019. For comparison: office 14.9%, industrial 7.9% (West) and multifamily 8.6% (West).
Where does Realmo's San Jose market data come from?
Realmo compiles San Jose, CA figures from 7 recent recorded sales, 475 active sale listings, 551 active lease listings, 12,498 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 475 active for-sale and 551 active for-lease listings in San Jose, 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.
- 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
- industrial vacancy is reported at West region level and multifamily 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
