Commercial Real Estate Market in Santa Clara, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
236 active listings and 2,400 off-market properties in Santa Clara, CA. Commercial property asks $86/SF to buy and $16.41/SF/Yr to lease.
Market Trends
Santa Clara, CA spans 18.6 square miles in Santa Clara County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Santa Clara, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Santa Clara, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Santa Clara, 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 Santa Clara, 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
Santa Clara, CA has 128,103 residents in 51,872 households. Density runs 6,881 people per square mile. Median household income here is $172,021 and median gross rent $2,960 a month.
128,103
Population
51,872
Households
2.5
Avg Household Size
35
Median Age
66%
College-Educated
94%
High-School Grad
18.6 sq mi
ZIP Area
6,881
Density / Sq Mi
$172,021
Median Household Income
$96,554
Median Earnings
$2,960
Median Rent
$1,530,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| San Jose | — | $20.24 |
| Sunnyvale | — | $17.88 |
| Cupertino | — | — |
Commercial property in Santa Clara, CA asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Santa Clara?
Commercial property in Santa Clara, CA asks an average of $86 per square foot. The 3 most recent recorded sales traded at a median of $571/SF. Multifamily carries the highest asking price at $719/SF.
How much does it cost to lease commercial space in Santa Clara?
Asking lease rates in Santa Clara, CA average $16.41 per square foot per year.
Where does Realmo's Santa Clara market data come from?
Realmo compiles Santa Clara, CA figures from 5 recent recorded sales, 52 active sale listings, 184 active lease listings, 2,400 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 52 active for-sale and 184 active for-lease listings in Santa Clara, 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
- 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
