Palo Alto

San Jose - CA USA - Industrial Submarket

Industrial real estate intelligence for the Palo Alto submarket. 6.9M SF of inventory with 7.7% vacancy. Data sourced from various MLS platforms.

6.9MSF

Inventory

550KSF

Available

7.7%

Vacancy

7.7%

Availability Rate

$50.04

Asking Rent

2.0%

Rent Growth

-67,162SF

12mo Absorption

274KSF

Under Construction

Market Metrics

12mo Delivered

0 SF

Under Constr % of Inv

4.0%%

Sale Price/SF

$554

Cap Rate

6.4%%

12mo Sales Volume

$152,843,153

Sales Vol Growth

57.0%

Asset Value

$3,974,936,523

Net Absorption

-67,162 SF

Recent DC Sales in Market

PropertyPriceSFBuyer
SFO1$119.3M26,900Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners
Santa Clara Data Center/SFO2-B$55.0M128,780CSquare
Santa Clara Data Center/SFO2-A$42.0M95,725CSquare
AI Cloud Data Center$13.0M133,452Aphorio Carter
SV3$86.3M103,420Invesco Ltd.

Available DC Space in Market

PropertyAvail SFRentOwner
Bldg 7824,000$39.00Link Logistics Real Estate

Data Centre Development Potential

Moderate vacancy (7.7%) in Palo Alto suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 274K SF indicates developer confidence in the submarket. Negative absorption of 67K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.

Other Submarkets in San Jose - CA USA

North San Jose

33.0M SF11.9% vac$26.39

Central Santa Clara

20.4M SF4.4% vac$27.38

Sunnyvale

14.8M SF9.3% vac$31.78

San Jose-Berryessa

18.5M SF8.6% vac$21.46

Milpitas

17.9M SF8.2% vac$21.55

Mountain View

9.6M SF12.5% vac$41.35
Luke Tatman

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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.