Astera Labs signs 90-month San Jose HQ lease covering about 154,231 square feet
Astera Labs entered a lease on December 16, 2024, for about 154,231 square feet of office space in San Jose, California, to become its new corporate headquarters after construction and expiry of its current lease, estimated in the second quarter of 2025. The filing describes an initial monthly base rent of $385,577.50 with annual increases of about 3%, and a construction allowance of $8,482,705, which can rise to $11,567,325.
Key points
- Lease covers about 154,231 square feet across three San Jose buildings, with an initial term of 90 months from the Commencement Date.
- Initial monthly base rent is $385,577.50, scheduled to rise about 3% per year.
- Construction allowance is $8,482,705, with a right to increase it to $11,567,325.
- Rent begins on the Rent Commencement Date; the term starts no earlier than April 1, 2025.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 20, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.