Parkway Plaza — Lease in Santa Clara, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Santa Clara, CA 95054
  • Size: 49,522 SF
  • Year built: 1981

Description

Market Context

This office in Santa Clara, CA is listed for lease across 49,522 SF. The building dates to 1981. It has been on the market for 113 days. Compare it against other office listings for lease in Santa Clara, 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

$3.51/SF/mo – $4.04/SF/mo

Mid: $3.51/SF/mo

Estimated total for 49,522 SF: $173,822 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

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