20245 Stevens Creek Blvd — Lease in Cupertino, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Cupertino, CA
  • Size: 9,566 SF
  • Year built: 1983

Description

20245 Stevens Creek Blvd - Available for lease

Market Context

This office in Cupertino, CA is listed for lease across 9,566 SF. The building dates to 1983. It has been on the market for 209 days. Compare it against other office listings for lease in Cupertino, 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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