Attachment 2- Benchmarking Vacancies by Jurisdiction (April 2024) Vacancy Analysis
Office
%
Retail
%
Total Inventory
(Office)
million sq. ft.
Total Inventory
(Retail) million
sq. ft.
Mountain View (citywide) 20.2 4.1 15.4 3.7
Mountain View (Downtown-Precise Plan Area) 25 8.5 1.5 0.4 San Jose (Downtown) 25.2 5.3 14.4 3.2
San Jose (North) 21.6 2.3 17.9 1.1
San Mateo 19.5 6.8 10.3 4.8
Redwood City 18.2 2.8 8.1 3.9
San Jose (West) 17.6 3.9 3.6 7.0
Palo Alto (Downtown) 13 5.3 3.9 2.8
Sunnyvale 12.6 2.6 11.4 5.7
Los Altos/Los Altos Hills 12.2 1.2 1.4 1.0
Palo Alto 11.7 5.6 10.6 1.3
San Jose (Midtown) 8.1 5.1 2.5 1.9
San Jose (Berryessa) 6.6 2.8 1.8 3.5
San Jose (Willow Glen/East San Jose) 4.4 5.4 3.4 11.2
San Jose (South) 3.7 6.2 4.4 10.2
Source: CoStar Analytics Submarket Reports acccessed April 3, 2024 for City submarkets. 4/8/2024