Silicon Valley office vacancy rises, rents flatten, big leases vanish

Silicon Valley office vacancy rises, rents flatten, big leases vanish

a year ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2023/01/11/silicon-valley-san-jose-office-tech-job-real-estate-facebook-twitter/

SAN JOSE — Silicon Valley’s office market experienced rising vacancy rates, flat rental rates and a vanishing act for big leasing deals during the final three months of 2022 amid uncertainties over the economy and tech layoffs.

Those were among the unsettling takeaways in a new report about the South Bay office market that was released by the San Jose office of CBRE, a commercial real estate firm.