South San Jose

San Jose - CA USA - Industrial Submarket

Industrial real estate intelligence for the South San Jose submarket. 12.2M SF of inventory with 19.2% vacancy. Data sourced from various MLS platforms.

12.2MSF

Inventory

2.2MSF

Available

19.2%

Vacancy

18%

Availability Rate

$23.65

Asking Rent

2.8%

Rent Growth

-272,707SF

12mo Absorption

0SF

Under Construction

Market Metrics

12mo Delivered

770K SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$334

Cap Rate

6.4%%

12mo Sales Volume

$127,453,499

Sales Vol Growth

232.0%

Asset Value

$4,064,526,691

Net Absorption

-272,707 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
Peraton	$46.3M	195,965	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
3199 Pilot Knob Rd	$10.0M	248,482	Swervo Development Corporation
Santa Clara Data Center/SFO2-B	$55.0M	128,780	CSquare
Santa Clara Data Center/SFO2-A	$42.0M	95,725	CSquare

Available DC Space in Market

Property	Avail SF	Rent	Owner
CityPlex Towers 20, 30, & 60	350,444	$14.00 - 19.00	Oral Roberts University
Omnis Data Center	15,070	$21.00	Omnis Network, LLC
Agave Business Center	4,053	$16.50	Camco Investment Group
928 Huston St	17,985	$18.60	Action Investment Group, Inc.
938 Huston St	16,970	$18.60	Action Investment Group, Inc.

Data Centre Development Potential

High vacancy (19.2%) in South San Jose may indicate availability of conversion-ready industrial buildings for data centre development. Negative absorption of 273K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.