Databricks’ big Sunnyvale lease
Databricks leased the entire 180,000‑square‑foot Altair Building in Sunnyvale from PGIM, expanding its Silicon Valley footprint to more than 635,000 square feet. (x.com). The deal ranks among the largest recent office leases in the Valley and signals a sizable local expansion. (x.com).
Databricks has leased the entire Altair Building in Sunnyvale, adding about 180,400 square feet to its Silicon Valley office footprint. (therealdeal.com) The building sits at 100 Altair Way near the Sunnyvale Caltrain station, and landlord PGIM owns the property. The Real Deal reported Databricks was expected to begin moving into the space in April 2026. (therealdeal.com) This is Databricks’ third major Sunnyvale office commitment in less than a year. The company leased 305,000 square feet at 200 West Washington in July 2025 and another 150,000 square feet at 250 West Washington in January 2026. (databricks.com) (hunterproperties.com) Those three deals bring Databricks to roughly 635,000 square feet in Sunnyvale alone. Hunter Partners said the January lease pushed the company past 455,000 square feet downtown before the Altair deal added another 180,400 square feet. (hunterproperties.com) (therealdeal.com) The lease lands as Silicon Valley’s office market has started to absorb space again after years of pullbacks. CBRE said the region ended the first quarter of 2026 with 769,556 square feet of positive net absorption and a 15.4% vacancy rate, while Colliers said the market logged a sixth straight quarter of occupancy gains. (cbre.com) (colliers.com) Brokerage reports tie much of that rebound to large technology tenants. Savills said all 10 of Silicon Valley’s biggest office transactions in the first quarter came from technology companies, and Sunnyvale and Santa Clara accounted for seven of them. (savills.us) Databricks has been expanding while raising large rounds of capital and posting faster revenue growth. The company said in September 2025 that it had crossed a $4 billion annual revenue run rate, topped $1 billion in annualized artificial intelligence product revenue, and closed a $1 billion financing at a valuation above $100 billion. (databricks.com) That followed Databricks’ December 2024 announcement that it was raising a Series J round at a $62 billion valuation. In December 2025, the company said a new Series L financing valued it at $134 billion. (databricks.com 1) (databricks.com 2) Sunnyvale is becoming a bigger piece of that expansion. Databricks said in July 2025 that its 200 West Washington office was meant to serve employees, customers and partners in the South Bay, and the Altair lease shows the company is still adding room there. (databricks.com)
