NORTH FIRST OFFICE CENTER — Lease in San Jose, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: San Jose, CA 95131

Description

Office | For Sublease: 36,997 SF Complete Plug and Play. Outdoor amenity area. Indoor bike racks and personal lockers. Telecom provider: AT&T. Includes 376 desks, 15 meeting rooms, 2 phone rooms, 25 offices, 1 mothers room and 2 brea Key Facts Property Name: NORTH FIRST OFFICE CENTER Property Type: Industrial Available Subtype: R&D/Office Floor Number: 1 Suite: 100 Available For: Sublease Available SF: 36,997 Min-Max Clear Height: 11.30' - Amps; Volts: ; 277/480 Divisible-Contiguous: 36,997 - 36,997 Craig Fordyce Vice Chair Silicon Valley License #: CA-00872812 +1 408 282 3911 Call Now +1 408 282 3911 1 408 250 3911 Call Mobile 1 408 250 3911 License #: CA-00872812

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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