The Fay Luxury Residential Apartments — Lease in San Jose, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: San Jose, CA 95113

Description

We are looking for food and beverage and retail tenants that can benefit from: 1. estimated 3,000 residents that live within short walking distance 2. Downtown San Jose’s approximately 12 million square foot office market with tenants like Zoom and Adobe over 1500 Hotel rooms that host the millions of visitors to Downtown annually 3. proximity to the 550,000 SF San Jose Convention Center that serves hundreds of events annually 4. Notre Dame High School, Hillbrook High School, and San Jose State University with combined population of over 35,000 students 5. Numerous arts and entertainment patrons and venues located in the SOFA district 6. Project is located at key gateway into downtown 7. Easy Access to Hwys on/off ramp 8. Convenient parking located on the street or in the city lot near building

Market Context

This office in San Jose, CA is listed for lease. It has been on the market for 53 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

$2.95/SF/mo – $3.91/SF/mo

Mid: $3.40/SF/mo

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

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