3590 First St, N. — Lease in San Jose, CA
- Price: Contact for price
- Listing type: For lease
- Asset type: Office
- Location: San Jose, CA 95134
- Size: 86,713 SF
- Year built: 1990
Description
Market Context
This office in San Jose, CA is listed for lease across 86,713 SF. The building dates to 1990. It has been on the market for 113 days. Compare it against other office listings for lease in San Jose, 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
$2.52/SF/mo – $3.42/SF/mo
Mid: $2.97/SF/mo
Estimated total for 86,713 SF: $257,538 per month
Rate-first confidence-weighted blend with cost-of-business adjustment.
Contact
- Steve Horton · +1 (408) 615-3412
- Kelly Yoder · +1 (408) 615-3427
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