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Silicon Valley Market Reports

2Q20
Despite its strong real estate market relative to the rest of the country, Silicon Valley has not avoided hardship in the midst of the pandemic. The second quarter of 2020 brought an increase in both direct and sublease availability, as well as a decrease in net and gross absorption. Office and R&D markets both took a hit. Office market Net absorption fell to negative 825,962 square feet and R&D market fell to negative 941,359 square feet.