Office in Milpitas, CA — Lease in Milpitas, CA

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

Description

Room to Grow, Space to Thrive. Discover Silicon Valley’s best kept secret. McCarthy Center is a vibrant, 68-acre campus community featuring 19 buildings with 1.1 million square feet of efficient, productive workspace. Propel your business to the next level in expertly designed Flex Workspace+™ offices. The streamlined leasing process offers fast move-in and limited disruption for a growing business.

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.

Contact

Explore this market

Similar Office for Lease in Milpitas, CA