Monterey Plaza — Lease in San Jose, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: San Jose, CA 95138

Description

Commercial property listing from JLL. Property: Monterey Plaza.

Market Context

This retail in San Jose, CA is listed for lease. It has been on the market for 167 days. Compare it against other retail listings for lease in San Jose, CA — view the full market.

As of Q1 2026, the Silicon Valley retail market showed a 4.8% vacancy rate, average asking rents near $20.72/SF/yr, and cap rates around 5.4%. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Silicon Valley?
About 5.4% as of Q1 2026, per multiple brokerage reports.
Is the Silicon Valley retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

Estimated Market Rate

$1.47/SF/mo – $1.99/SF/mo

Mid: $1.73/SF/mo

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

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