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Silicon Valley Market Reports

Silicon Valley Office Market

Average FS Asking Rent (Price/SF)     
          $4.33
Availability Rate (%)          13.19%
Net Absorption (SF)      -594,328

Tenant demand picks up in the third quarter, offset by new construction deliveries. Sunnyvale asking rents jump $0.22/SF to reach $4.94/SF.

Silicon Valley Industrial/Warehouse Market

Industrial

Average NNN Asking Rent (Price/SF)      
         $1.13 
Availability Rate (%)          4.55%
Net Absorption (SF)     -147,876

Warehouse

Average NNN Asking Rent (Price/SF)              $.93
Availability Rate (%)            4.11%
Net Absorption (SF)       -159,853

Santa Clara industrial market logs positive net absorption for first time in over a year. Average asking rates begin to flatten out after historic rise. Office Depot renewal a driving force for industrial gross absorption.

Silicon Valley R&D Market

Average NNN Asking Rent (Price/SF)       $2.00
Availability Rate (%)    11.32%
Net Absorption (SF) -571,831

Asking rates reach $2.00, highest in two decades. Largest lease deal of the quarter is a renewal.

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Silicon Valley Office Market Report
3Q17
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Silicon Valley Industrial Market Report
3Q17
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Silicon Valley R&D Market Report
3Q17
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