701 W Evelyn Avenue - TBB — Lease in Mountain View, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Mountain View, CA 94041
  • Size: 23,454 SF

Description

-New Construction -Build to Suit -Delivered in 18 - 24 months

Market Context

This office in Mountain View, CA is listed for lease across 23,454 SF. It has been on the market for 54 days. Compare it against other office listings for lease in Mountain View, CA — view the full market.

As of Q1 2026, the Silicon Valley office market showed a 2.9% vacancy rate, average asking rents near $20.16/SF/yr, rents up 4.3% year over year, and cap rates around 6.2%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Silicon Valley?
About 6.2% as of Q1 2026, per multiple brokerage reports.
Is the Silicon Valley office market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q1 2026).

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