Oak Creek Business Center — Lease in Milpitas, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Milpitas, CA 95035

Description

FOR LEASE | ±772 SF - ±3,137 SF | Oak Creek Business Center | Milpitas

Market Context

This office in Milpitas, CA is listed for lease. It has been on the market for 195 days. Compare it against other office listings for lease in Milpitas, 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).

Estimated Market Rate

$1.04/SF/mo – $1.40/SF/mo

Mid: $1.22/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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