Apple is increasing its presence in Sunnyvale by signing a lease for a 125,800-square-foot office at 580 North Mary Avenue. This is the company’s first major real estate activity in the area in 2026, following a significant 2025 where it invested over a billion dollars in property acquisitions and upgrades.
The South Bay is showing signs of a rebound in office leasing. Colliers, a real estate services firm, found the vacancy rate in the region dropped to 14.1% in the second quarter of 2026. This represents a slight improvement compared to the 14.8% recorded in the fourth quarter of 2025 and the 16.2% seen in the same quarter the previous year. These numbers indicate a steady but slow recovery in the local market.
What this means for the market
Apple is not the only big name making a move in Sunnyvale. Amazon recently signed a lease for 316,600 square feet at 1000 Enterprise Way. Together, these two tech giants are contributing to a gradual but noticeable increase in demand for office spaces, even as vacancy rates remain high.
The new lease at 580 North Mary Avenue is just one of Apple’s many recent real estate plays. In 2025, the company made several high-profile purchases, including the Mathilda Campus and the Cupertino Gateway complex.
Colliers reports that the market area includes Santa Clara County and Fremont, both key locations in the South Bay region. As Apple and Amazon continue to expand, the local market may see further momentum, although the recovery remains in its early stages.
For more details on Apple and Amazon's real estate moves, check out the full story from The Mercury News, as reported by 9to5Mac. You might also consider reading Geoffrey Cain’s ’Steve Jobs in Exile,’ or David Pogue’s ’Apple: The First 50 Years’ to learn more about the company’s history.