Monterey Plaza — Sale in San Jose, CA

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

Description

Monterey Plaza is a ±183,000 square foot shopping center located in San Jose and is conveniently located off of Hwy 101. The shopping center is anchored by City Sports Center and Foodmaxx and offers various retail and anchor opportunities.

Market Context

This retail in San Jose, CA is listed for sale. It has been on the market for 140 days. Compare it against other retail listings for sale 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).

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