Milpitas
San Jose - CA USA - Industrial Submarket
Industrial real estate intelligence for the Milpitas submarket. 17.9M SF of inventory with 8.2% vacancy. Data sourced from various MLS platforms.
17.9MSF
Inventory
1.5MSF
Available
8.2%
Vacancy
8.2%
Availability Rate
$21.55
Asking Rent
1.9%
Rent Growth
-30,895SF
12mo Absorption
294KSF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
1.6%%
Sale Price/SF
$345
Cap Rate
6.2%%
12mo Sales Volume
$21,919,500
Sales Vol Growth
-13.6%
Asset Value
$6,274,714,540
Net Absorption
-30,895 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| SFO1 | $119.3M | 26,900 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| Santa Clara Data Center/SFO2-B | $55.0M | 128,780 | CSquare |
| Santa Clara Data Center/SFO2-A | $42.0M | 95,725 | CSquare |
| SV3 | $86.3M | 103,420 | Invesco Ltd. |
| 3205 Bassett St | $13.3M | 33,257 | StratCap Digital Infrastructure REIT, Inc. |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Bldg 78 | 24,000 | $39.00 | Link Logistics Real Estate |
Data Centre Development Potential
High vacancy (8.2%) in Milpitas may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 294K SF indicates developer confidence in the submarket. Negative absorption of 31K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in San Jose - CA USA
Evaluating Milpitas for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.