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Silicon Valley Market Reports

Silicon Valley Office Market

Average FS Asking Rent (Price/SF)     
          $4.28
Availability Rate (%)          12.56%
Net Absorption (SF)      140,844

Tenant demand remained high to end the year. Asking rates retreat to $4.28/SF where they started the year.

Silicon Valley Industrial/Warehouse Market

Industrial

Average NNN Asking Rent (Price/SF)      
         $1.14 
Availability Rate (%)          4.75%
Net Absorption (SF)     -355,074

Warehouse

Average NNN Asking Rent (Price/SF)              $.99
Availability Rate (%)            3.15%
Net Absorption (SF)       190,722

Warehouse market logs positive net absorption to end the year. Industrial asking rates continued to rise. Warehouse renewals contributed to a good fourth quarter.

Silicon Valley R&D Market

Average NNN Asking Rent (Price/SF)       $1.97
Availability Rate (%)    10.88%
Net Absorption (SF) -420,246

Asking rates dip back under $2.00/SF to $1.97/SF but remain $0.09/SF higher than a year prior. Tesla and Facebook sign large leases in Fremont.

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Silicon Valley Office Market Report
4Q17
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Silicon Valley Industrial Market Report
4Q17
Download the PDF
Silicon Valley R&D Market Report
4Q17
Download the PDF

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