Santa Clara Towers MARKET ANALYSIS
Silicon Valley
Make your content easy to digest. Provide detail, but avoid long-winded sentences. Avoid jargon and industry speak.
Top benefit and/or most recognizable property attribute. Be specific!
1200
Industrial Parkway
Colliers International
225 West Santa Clara Street
10th Floor, Suite 1000
San Jose, CA 95113
+1 408 282 3800
Susan Gregory, SIOR
Executive Vice President
susan.gregory@colliers.com
+1 408 282 3940
CA License #: 01217517
CONTACT US
Download Printable PDF
$5.00
$4.50
$4.00
$3.50
$3.00
$2.50
$1.50
$1.00
$0.50
$0.00
$2.00
Velocity of Santa Clara Towers
Competitive Set Historical 2010-Present
Vacant %
Weighted Rate
VACANCY
22% 2010
to
6% 2019
RENT
$2.70 FS 2010
to
$4.34 FS 2019
Craig Fordyce, SIOR, CCIM
Executive Vice President
craig.fordyce@colliers.com
+1 408 282 3911
CA License #: 00872812
Duffy D'Angelo, SIOR
Executive Vice President
duffy.dangelo@colliers.com
+1 408 282 3950
CA License #: 00796685
Dion Campisi, SIOR
Senior Vice President
dion.campisi@colliers.com
+1 408 282 3875
CA License #: 01321946
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2019. All rights reserved.
5 - 20K SF
51%
20K SF
49%
Office Supply and Demand
September 1, 2018 - September 1, 2019
Demand
Supply
579,170
553,439
5 - 20K SF
43%
20K SF
57%
559,978
749,579
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Santa Clara Towers Competitive Set
Silicon Valley
Make your content easy to digest. Provide detail, but avoid long-winded sentences. Avoid jargon and industry speak.
Top benefit and/or most recognizable property attribute. Be specific!
1200
Industrial Parkway
Make your content easy to digest. Provide detail, but avoid long-winded sentences. Avoid jargon and industry speak.
Secondary header here. This is a good place to talk about location.
5,500
SF AVAILABLE
Wheelchair Accessible
Parking 4/1,000
Subway Access > 5 Min
Bike Storage
Walk Score 87
On-Site Gym
24-Hour Security
Showers
On Site
Fibre-Optic Enabled
Peason Airport 30 min Drive
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Make your content easy to digest. Provide detail, but avoid long-winded sentences. Avoid jargon and industry speak.
Secondary header here. This is a good place to talk about location.
Building Specifications
Net Rent
From $31.00/SF
Additional Rent
$18.00/SF + Hydro + Janitorial
Term
2 Year Sublease
Available
July 2017
Improv Allowance
$65.00/SF
Building Age
1989
Unit A
1,500 SF
Unit B
2,500 SF
Unit C
6,000 SF
Label
Value
Label
Value
Label
Value
Offer Process
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BID DATE
Please note that offers will be reviewed on or after
4:00 PM PST
Wednesday, april 5, 2019
2
1
FEATURES
Link features to benefits. Don't assume your target will connect the dots.
Appeal to emotions - People buy with emotions and justify with logic.
Differentiate - Hit hard on what makes the property stand out.
Be accurate and truthful - Avoid overstatements, they're not only fluffy, they also take away from your listing's credibility, and fall into the background.
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$21.00
PSF + TAXES
Investment details
Link features to benefits. Don't assume your target will connect the dots.
Appeal to emotions - People buy with emotions and justify with logic.
Differentiate - Hit hard on what makes the property stand out.
Be accurate and truthful - Avoid overstatements, they're not only fluffy, they also take away from your listing's credibility, and fall into the background.
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$4.56M
ASKING PRICe
Area Demographics
Projected Population
(2020)
250,000
Projected Population
(2020)
250,000
Average Household Income
(2017)
$250,000
Projected Average Household Income
(2020)
$250,000
Unemployment Rate
(2017)
3.4%
Rental Apartment Vacancy
(2020)
2.1%
Education Attainment
High School Diploma: 40%
Trade/Apprenticeship: 40%
College Diploma: 40%
Post-Secondary Degree: 40%
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2019. All rights reserved.
Colliers International
225 West Santa Clara Street
10th Floor, Suite 1000
San Jose, CA 95113
+1 408 282 3800
Susan Gregory, SIOR
Executive Vice President
susan.gregory@colliers.com
+1 408 282 3940
CA License #: 01217517
CONTACT US
Download Printable PDF
Office Supply and Demand (Class A)
Santa Clara, Sunnyvale, San Jose
Demand
$5.00
$4.50
$4.00
$3.50
$3.00
$2.50
$1.50
$1.00
$0.50
$0.00
$2.00
Supply
Demand
Supply
Office Supply and Demand (Class A)
Silicon Valley
Office Supply and Demand (Counts)
Santa Clara, Sunnyvale, San Jose
Demand
Supply
Velocity of Santa Clara Towers
Competitive Set Historical 2010-Present
Vacant %
Weighted Rate
Office Supply and Demand (Counts)
Silicon Valley
Demand
Supply
VACANCY
22% 2010
to
6% 2019
RENT
$2.70 FS 2010
to
$4.34 FS 2019
Santa Clara Office - Quarterly Snapshot
Q2 2019
HISTORICAL STATISTICS
GROSS/NET ABSORPTION
ASKING RENTS VS AVAILABILITY
Supply
