Description:
Sunnyvale is bordered by the San Francisco Bay and San Jose to the north, Moffett Federal Airfield to the northwest, Mountain View to the west, Los Altos to the southwest, Cupertino to the south, and Santa Clara to the east. It lies along the historic El Camino Real and Highway 101. Sunnyvale is served by the light rail and buses and the Caltrain commuter rail. Interstate 101, SR 237, SR 85 and I-280 freeways run through the city. Sunnyvale has an extensive network of bike paths and is very friendly for those who like to bike to work. Sunnyvale had 3 airports close by which makes for great business travel for those looking for commercial space in Sunnyvale. San Jose, Oakland, and San Francisco are all within 45 minutes and are very accessible.
Companies who look in this city also look in nearby cities such as
Mountain View, Cupertino, and
San Jose.
Retail space in Sunnyvale: Sunnyvale Autorow is very large and provides a consumer the opportunity to shop several different car companies in one retail location. Some retail mall locations include Moffett Plaza, East El Camino, Loehman’s Plaza, and Sunnyvale Square. Retail space in Sunnyvale is offered for sale and for lease and there are many local real estate brokers who have property listings for a company to view. You can quickly get a quote for a sublease or direct space by using Rofo. Retail can be found in several area that feature retail spaces. The City of Sunnyvale is offering several packages to help companies relocate into Sunnyvale or open retail spaces there including quick permitting.
Office space in Sunnyvale: As part of the Silicon Valley, Sunnyvale is headquarters to several high-tech companies such as Maxim Integrated Products, Juniper Networks, Palm, Inc., AMD, Network Appliance, Spansion, Yahoo!, Mirapoint, and Ariba, Inc. Sunnyvale is also home to several aerospace/defense companies; Lockheed Martin has a major facility in Sunnyvale, and Honeywell, and Northrop Grumman Mission Systems. Sunnyvale is attracting small office users to their downtown office space. Currently the downtown area offer office listings for lease and office listings for sale. Saratoga offers low rise office space, mixed use space and converted warehouse office space. Sunnyvale is in the process of re-working its Downtown area and will be converted to higher uses over the next five years.
Warehouse space in Sunnyvale: The City's industrial developments allow businesses from a start-up to a multi-national company find their space needs on a for sale or for lease basis. Not many small warehouses exist in Saratoga but some can be found on Rofo.com. Saratoga has storage spaces, warehouse spaces, distribution spaces, and manufacturing spaces.
Quick Market Stats:
There's roughly 7,000,000 square feet of office space with a rough overall vacancy rate of 22%. The average asking rates for office space is $3.50(fs).
The R&D space market is roughly 25,000,000 square feet and has an overall vacancy rate of just 14%. The average lease rate is $1.50 per square foot per month.
The industrial space market is roughly 2,500,000 square feet and has an overall vacancy rate of just 6%. The average lease rate is $0.85 per square foot per month.
The warehouse space market is roughly 2,000,000 square feet and has an overall vacancy rate of just 3%. The average lease rate is $0.75 per square foot per month.
