Milpitas, CA Commercial Real Estate for Lease and Sale

Explore 81 listings of Milpitas commercial real estate to find the best space for your business.

990 Ames Ave

990 Ames Ave, Milpitas, CA
Property

Industrial

22,000 SF
Year Built

1993
For Sale

$7,700,000
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Beresford Square Shopping Center

15 North Milpitas Blvd, Milpitas, CA
Property

Retail

151,640 SF
Availability

1 Space

1,380 SF
Year Built

1978
For Lease

$4.00/SF/MO
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1900 McCarthy Blvd

1900 McCarthy Blvd, Milpitas, CA
Property

Office

80,970 SF
Availability

10 Spaces

46,064 SF
Year Built

1984
For Lease

$27.00/SF/YR
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Tasman Technology Park

1371 McCarthy Blvd, Milpitas, CA
Property

Office

608,968 SF
Availability

5 Spaces

130,148 SF
Year Built

1985
For Lease

$25.80/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Retail Industrial Land
McCarthy Business Center

1525 McCarthy Blvd, Milpitas, CA
Property

Office

75,744 SF
Availability

3 Spaces

5,775 SF
Year Built

1983
For Lease

$2.25/SF/MO
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McCarthy Ranch Shopping Center

198-252 Ranch Drive, Milpitas, CA
Property

Retail

25,034 SF
Availability

1 Space

2,047 SF
Year Built

1995
For Lease

$3.95/SF/MO
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755 Yosemite Dr

755 Yosemite Dr, Milpitas, CA
Property

Industrial

96,250 SF
Availability

1 Space

96,250 SF
Year Built

1983
For Lease

$17.40/SF/YR
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1601 McCarthy Boulevard
Tipark Silicon Valley
1601 McCarthy Boulevard, Milpitas, CA
Services

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

Business address

Gym

High-speed wifi

Kitchen

Mail services

Shower
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Hill Crest Center

750 E. Calaveras Blvd, Milpitas, CA
Property

Office

1,957 SF
Availability

2 Spaces

1,957 SF
For Lease

$2.00/SF/MO
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Aspire Ground Floor Retail

750 E Capitol Ave, Milpitas, CA
Property

Retail

375,000 SF
Availability

1 Space

3,380 SF
Year Built

2020
For Lease

$3.00/MO
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1455-1487 Landess Avenue

1455-1487 Landess Avenue, Milpitas, CA
Property

Retail

1,500 SF
Availability

1 Space

1,500 SF
For Lease Contact for pricing
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Calaveras Center

308-396 South Abbott Ave, Milpitas, CA
Property

Industrial

5,486 SF
Availability

3 Spaces

5,218 SF
For Lease Contact for pricing
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Sunnyhills Center

100-110 Dixon Road, Milpitas, CA
Property

Retail

5,680 SF
Availability

2 Spaces

2,040 SF
For Lease Contact for pricing
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DIXON LANDING BUSINESS PARK #2

411 Dixon Landing Rd 2, Milpitas, CA
Property

Office
Availability

1 Space

5,418 SF
Year Built

1997
For Lease

$1.25/SF/MO
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1740 S Main St

1740 S Main St, Milpitas, CA
Property

Retail

2,668 SF
Year Built

1992
For Sale

$3,995,000
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1525 McCarthy Blvd
McCarthy Business Center
1525 McCarthy Boulevard, Milpitas, CA

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Jacklin Commons

882 Hillview Drive, Milpitas, CA
Property

Office

2,368 SF
Availability

1 Space

2,185 SF
For Lease Contact for pricing
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1478 Gladding CT

1478 Gladding CT, Milpitas, CA
Property

Industrial

8,232 SF
Year Built

1982
For Sale

$2,263,800
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901-943 Hanson Ct.

901 Hanson Court, Milpitas, CA
Property

Industrial

46,601 SF
Availability

1 Space

3,360 SF
For Lease Contact for pricing
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111 S Main St

111 S Main St, Milpitas, CA
Property

Retail

9,400 SF
Availability

1 Space

2,000 SF
Year Built

1898
For Lease

$2.95/SF/MO
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Valley Way off Abbott Ave and Hwy 237

Valley Way, Milpitas, CA
Property

VacantLand

12,458 SF
For Sale

$935,000
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CADILLAC INDUSTRIAL PARK

1161 Cadillac Ct, Milpitas, CA
Property

Industrial
Availability

1 Space

14,549 SF
Year Built

1991
For Lease

$1.95/SF/MO
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Oak Creek Business Park

475 Sycamore Dr, Milpitas, CA
Property

Industrial

294,000 SF
Availability

1 Space

294,000 SF
Year Built

2025
For Lease Contact for pricing
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Calaveras Square

124-128 West Calaveras Blvd., Milpitas, CA
Property

Retail

10,000 SF
Availability

2 Spaces

1,277 SF
For Lease

$3.25/SF/MO
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174-176 S Main Street

176 S Main St, Milpitas, CA
Property

Retail

2,230 SF
Year Built

1948
For Sale

$1,995,000
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Pecten Court

Pecten Court, Milpitas, CA
Property

VacantLand

3.7 Acre
For Sale

$16,250,000
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Foothill Square

401 Jacklin Road, Milpitas, CA
Property

Retail

90,000 SF
Availability

3 Spaces

14,658 SF
Year Built

1988
For Lease Contact for pricing
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Parktown Office

1798 Clear Lake Ave, Milpitas, CA
Property

Retail

18,670 SF
Availability

1 Space

1,060 SF
For Lease

$2.00 - $5.00/SF/MO
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Murphy Ranch Road & McCarthy Blvd

Murphy Ranch Road & McCarthy Blvd, Milpitas, CA
Property

VacantLand

12.29 Acre
For Sale Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Milpitas commercial real estate market incorporates 3,017,895 square feet of office space across 23 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Milpitas commercial real estate market includes 1,199,093 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Milpitas market, there is a total of 2,665,456 square feet of industrial property.

The listing inventory in Milpitas incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Milpitas is represented by Office space, which accounts for 1,146,289 square feet of available listings. Industrial space available in Milpitas adds up to 907,021 square feet.

Meanwhile, most of the listings of commercial property for sale in Milpitas are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Milpitas is $25.51 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Milpitas can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $31.86 per square foot, industrial space in Milpitas saw average rents of $19.06 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Milpitas, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $36 per square foot. In particular, the property type commanding the highest lease rates in Milpitas was Retail space.

Conversely, the highest sale price last year was $21,500,000 that is located at 1323 Great Mall Drive.

The average size of a commercial property in Milpitas depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Milpitas, the average size of an office property is 158,837 square feet.
Retail properties here incorporate an average of 74,944 square feet.
Industrial space in Milpitas is in buildings that are, on average 111,061 square feet in size.

Milpitas, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Milpitas currently add up to 2,346,040 square feet. The market offers 23 active office listing(s), which amount to 1,143,356 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 138,638 square feet across 16 retail space(s). Industrial space for rent opportunities in Milpitas amount to 1,020,486 square feet across a total of 27 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	23	1,143,356
Retail	16	138,638
Industrial	27	1,020,486
Other	1	43,560

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Milpitas, CA. Currently, there is 826,626 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) , and 10 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	2	4,898
Industrial	10	722,134
Other	4	99,594

Milpitas, CA Commercial Real Estate Market Overview

Milpitas, Calif. is a suburb of San Jose that has benefited greatly from the tech boom. The city neighbors other Silicon Valley markets, such as Mountain View and Santa Clara, which boast world-class tenants and considerable investments in sectors with a large profit margin. Here, the economy leans on technology, research and development, high-tech manufacturing and retail. In fact, Milpitas is home to the recently renovated Great Mall of the Bay Area, which features 1.1 million square feet of retail space.

Situated at the southern tip of the San Francisco Bay Area and just north of San Jose, Milpitas also has an excellent location, granting it the moniker of “The Crossroads of Silicon Valley.” The city is serviced by I-680, I-880 and State Route 237, offering companies here a logistical advantage.

Milpitas, CA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Milpitas, CA?

What factors affect the price of commercial real estate in Milpitas, CA?

What is the average rent for commercial space in Milpitas, CA?

What are the best areas for commercial real estate in Milpitas, CA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Milpitas, CA?

Milpitas, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Milpitas, CA Commercial Real Estate Market Overview

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