1900 McCarthy Blvd — Lease in Milpitas, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Milpitas, CA 95035
  • Size: 80,970 SF
  • Year built: 1984

Description

Market Context

This office in Milpitas, CA is listed for lease across 80,970 SF. The building dates to 1984. It has been on the market for 113 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

Estimated total for 80,970 SF: $98,783 per month

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

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