2490 Old Middlefield Way
Retail | 11,200 SqFt
Marketing description
Known to the world as Silicon Valley, the San Jose metro is located at the southern end of the San Francisco Bay and encompasses Santa Clara and San Benito counties. A large portion of the area’s 1,315 square miles is unincorporated ranch and farmland. The metro contains roughly 2 million inhabitants and roughly half of the region’s residents reside in the city of San Jose. It is the metro’s largest city with 970,000 residents, followed by Sunnyvale and Santa Clara. Venture capital funds received in the 1990s helped turn the area into the world’s most prominent technology hub — a distinction that still stands today. California’s characteristic Mediterranean climate, as in neighboring cities, is an asset to San Jose’s in-migration. Although San Jose features rail and bus options for public transit, its comparative spaciousness and more recent development has made it a more automobile-focused market than San Francisco, reflected in its higher rates of car ownership.
Investment highlights
- Top High-Tech Center Silicon Valley’s dense concentration of high-tech jobs is world renowned, attracting a variety of large employers and startups. This has lent the metro an entrepreneurial reputation often seen as aspirational by talented young adults.
- High Disposable Income Santa Clara County’s job opportunities and higher incomes overcome its above-average housing costs to achieve one of the higher levels of average disposable income in the country.
- Historical Heritage Founded in 1777 as the Pueblo de San Jose de Guadalupe, the city is the first in California founded by Spanish settlers. San Jose State University is also the West Coast’s oldest public college.
- Lot size ±30,928 SF (0.71 Acres)
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