Retail Business for Lease in San Jose, CA

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

Description

477 S Market Street presents an exceptional opportunity for an ambitious starting or growing business with modern facilities and a central location in Downtown San Jose. The attractive suites sit on the lower level of the newly completed Taft Apartments, a Class A, five-story apartment complex with 130 units. The available suites are offered in shell condition, allowing businesses the flexibility to build-out their perfect space. The apartments maintain high occupancy, driven by contemporary fixtures and best-in-class amenities, resulting in a stable and dependable customer base. Tenants can also benefit from a highly accessible location just 1 mile from the Interstate 280 and State Route 87 interchange, within blocks of multiple bus lines and the Metro. 477 S Market Street enjoys a prime position in the South Market neighborhood. Families flock to the area because of nearby schools and kid-friendly activities. At the same time, young professionals and college students love the proximity to nightlife and special events. South Market is home to entertainment venues, museums, and theaters, including the San Jose Center for the Performing Arts, the San Jose Museum of Arts, the San Jose Convention Center, and the renowned Tech Interactive. The neighborhood has attracted many major employers, including Adobe Inc., Zoom, eBay, and PayPal. South Market provides a valuable demographic profile of potential customers within a five-mile radius of 477 S Market Street, including a growing population of over 675,000. These residents are well educated and hold a solid average household income of over $138,000, resulting in impressive consumer spending of over $8.9 billion in 2022, with over $7.8 billion spent on retail segments.

Market Context

This retail in San Jose, CA is listed for lease. It has been on the market for 21 days. Compare it against other retail listings for lease in San Jose, CA — <a href="/search/lease/retail/california/san-jose">view the full market</a>.

As of Q1 2026, the Silicon Valley retail market showed a 4.8% vacancy rate, average asking rents near $20.72/SF/yr, and cap rates around 5.4%. Source: Consensus Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Silicon Valley?
About 5.4% as of Q1 2026, per Consensus.
Is the Silicon Valley retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

Unified Estimate

Medium Confidence

$1.47/SF/mo – $1.99/SF/mo

Mid: $1.73/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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