Office for Lease in San Jose, CA

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

Description

±23,535 SF | 70 North 2nd Street | DOWNTOWN SAN JOSE $2.25/SF Modified Gross / Tenant pays utilities and janitorial

Market Context

This office in San Jose, CA is listed for lease. It has been on the market for 148 days. Compare it against other office listings for lease in San Jose, CA — <a href="/search/lease/office/california/san-jose">view the full market</a>.

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: Consensus Q1 2026 market report.

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 Consensus.
Is the Silicon Valley office market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$2.95/SF/mo – $3.98/SF/mo

Mid: $3.46/SF/mo

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

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