FIRST STREET CENTER — Lease in San Jose, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: San Jose, CA 95112

Description

Office | For Sublease: 29,316 SF No description available Key Facts Property Name: FIRST STREET CENTER Property Type: Office Available Subtype: Office Floor Number: 4 Suite: 400 Available For: Sublease Available SF: 29,316 Divisible-Contiguous: 29,316 - 29,316 Rental Rate: $2.75 FS/mo Parking: EV Stations - 14 Stations Jere Hench Executive Vice President Silicon Valley License #: CA-01041811 +1 408 282 3832 Call Now +1 408 282 3832 1 408 888 8934 Call Mobile 1 408 888 8934 License #: CA-01041811

Market Context

This office in San Jose, CA is listed for lease. It has been on the market for 176 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

$1.04/SF/mo – $1.40/SF/mo

Mid: $1.22/SF/mo

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

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