North Santa Clara

San Jose - CA USA - Industrial Submarket

Industrial real estate intelligence for the North Santa Clara submarket. 11.5M SF of inventory with 8.7% vacancy. Data sourced from various MLS platforms.

11.5MSF

Inventory

1.1MSF

Available

8.7%

Vacancy

9.5%

Availability Rate

$26.66

Asking Rent

1.1%

Rent Growth

206KSF

12mo Absorption

200KSF

Under Construction

Market Metrics

12mo Delivered

255K SF

Under Constr % of Inv

1.7%%

Sale Price/SF

$397

Cap Rate

6.5%%

12mo Sales Volume

$274,098,757

Sales Vol Growth

599.9%

Asset Value

$4,636,517,903

Net Absorption

+206K 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
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
8425 N 114th St	$2.6M	232,663	Google
Santa Clara Data Center/SFO2-B	$55.0M	128,780	CSquare

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
Bldg 78	24,000	$39.00	Link Logistics Real Estate

Data Centre Development Potential

High vacancy (8.7%) in North Santa Clara may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 200K SF indicates developer confidence in the submarket. Positive net absorption of 206K SF over the past 12 months signals healthy demand fundamentals.