Fact Brief: Is Downtown San Jose’s commercial vacancy rate more than 30%?

Yes.

Downtown San Jose has a commercial vacancy rate of 30.8%

Commercial real estate firm Cushman & Wakefield reported for the first quarter of 2026 San Jose’s downtown district had an office vacancy rate of more than 30%. The rest of San Jose’s office space submarkets fared better. West San Jose had a rate of 11.5%, San Jose Mineta International Airport had a rate of 27.6%, North San Jose was at 16% and South San Jose had a 7.3% vacancy rate.

When compared to the larger San Francisco Bay Area region, Cushman & Wakefield’s East Bay Office Vacancy Rate sits at 27.4% and San Francisco’s at 31.6%.

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Sources

• Cushman and Wakefield Silicon Valley Office Q1 2026
• Cushman and Wakefield East Bay Oakland Office Q1 2026
• Cushman & Wakefield San Francisco Office Q1 2026