Santa Clara Towers II — Lease in Santa Clara, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Santa Clara, CA
  • Size: 215,760 SF
  • Year built: 1997

Description

Market Context

This office in Santa Clara, CA is listed for lease across 215,760 SF. The building dates to 1997. It has been on the market for 113 days. Compare it against other office listings for lease in Santa Clara, 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).

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