Sunnyvale Cityline — Lease in Sunnyvale, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Sunnyvale, CA 94086

Description

Located at the Sunnyvale Caltrain Station A MODERN BLEND OF DAILY CONVENIENCES, ENTERTAINMENT AND HIGH-END SHOPS MAKE DOWNTOWN SUNNYVALE YOUR ONE STOP DESTINATION Cityline Downtown Sunnyvale is a High-End Mixed Use Development Delivering Housing, Retail, Office, Open Space and Entertainment. Cityline Downtown Sunnyvale Features ±1.5M SF of Class A Office, ±670,000 SF of Retail including a ±55,000 SF Whole Foods, Target, Multiplex AMC Movie Theater, a Variety of Restaurants as well as ±1,066 For Lease Residential Units, and 1 Acre of City Plaza for Outdoor Events and Collaboration. Located Directly on the Sunnyvale Caltrain Station, Cityline Downtown Sunnyvale Offers a True Work, Live, Play Community.

Market Context

This office in Sunnyvale, CA is listed for lease. It has been on the market for 197 days. Compare it against other office listings for lease in Sunnyvale, 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

$4.90/SF/mo – $5.97/SF/mo

Mid: $5.19/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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