Fleming Business Park — Lease in Milpitas, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Milpitas, CA 95035
  • Submarket: Milpitas

Photos

Fleming Business Park — Lease in Milpitas, CA, photo 1 of 2
Fleming Business Park — Lease in Milpitas, CA, photo 2 of 2

Description

±128,173 SF WAREHOUSE BUILDING FOR LEASE INDUSTRIAL WAREHOUSE BUILDING

Market Context

This industrial in Milpitas, CA is listed for lease. Compare it against other industrial listings for lease in Milpitas, CA — view the full market.

As of Q2 2026, the Silicon Valley industrial market showed average asking rents near $19.80/SF/yr, and rents up 2.5% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Estimated Market Rate

$1.40/SF/mo – $1.90/SF/mo

Mid: $1.65/SF/mo

By our match to nearby addresses in brokers' reports, this property is in the Milpitas submarket, where average asking rent was $22.32/SF/yr in Kidder Mathews's Q2 2026 report.

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