For Sale
Gilroy, CA
Commercial Real Estate Market Trends & Data
$530
Avg asking sale price
$17,464
Avg asking lease rate
38,579 SF
Avg unit lease size
27,404 SF
Avg building size for sale
6.83%
Average cap rate
Gilroy's Demographic Profile
Gilroy has 16,417 households and a median income of $112,094, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 56,103 |
| # Households | 16,417 |
| Median age | 38 |
| Median household income | $112,094 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 6,432 |
| 5-year population change | -4% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Gilroy, CA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Gilroy | $293 | 4,151 SF | 3.99% |
| Watsonville | $471 | 9,715 SF | 6.67% |
| Morgan Hill | $281 | 5,445 SF | 3.99% |
| Pajaro | $929 | 7,000 SF | 5.09% |
| Freedom | $383 | 3,610 SF | 5.30% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Gilroy | $284 | 46,288 SF | 5.54% |
| Watsonville | $293 | 17,952 SF | 7.50% |
| Morgan Hill | $339 | 62,919 SF | 5.54% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Gilroy | $518 | 13,770 SF |
| San Martin | $515 | 26,220 SF |
| Watsonville | $530 | 10,230 SF |
| Morgan Hill | $560 | 19,550 SF |
| Corralitos | $356 | 8,995 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Gilroy | $391 | 7,400 SF | 5.24% |
| Watsonville | $497 | 10,096 SF | 6.78% |
| Morgan Hill | $589 | 2,717 SF | 4.25% |
| Pajaro | $514 | 17,110 SF | 6.72% |
| Hollister | $298 | 10,665 SF | 4.95% |
Commercial Properties For Sale in Gilroy
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Gilroy pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Gilroy | $530 | 27,404 SF |
| San Martin | $515 | 26,220 SF |
| Watsonville | $455 | 17,585 SF |
| Royal Oaks | $120 | 29,100 SF |
Regional Demographic Comparison
This comparison places Gilroy alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Gilroy or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Gilroy | 56,103 | 16,417 | 38 | $112,094 | 3 | 6,432 | -4% |
| San Martin | 5,417 | 1,568 | 45 | $131,576 | 3 | 435 | -10% |
| Watsonville | 50,013 | 13,342 | 33 | $72,547 | 4 | 7,659 | -3% |
| Royal Oaks | 31,433 | 9,035 | 39 | $102,764 | 3 | 3,225 | -6% |
| Aromas | 2,201 | 732 | 44 | $166,610 | 3 | 155 | -1% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Gilroy, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Gilroy
View All Commercial Real Estate For Sale in Gilroy
Is Gilroy a good market for a first-time commercial real estate investor?
Gilroy offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Gilroy?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Gilroy. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Gilroy?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Gilroy. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Gilroy compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Gilroy. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Gilroy acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Gilroy, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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