San Jose - Silicon Valley industrial real estate market reports
Q4 2023
New construction
New construction slated for delivery in 2024 is expected to introduce more than a million square feet to the market.
Lease activity
Leasing activity overall has experienced a decline compared to previous years, influenced by supply chain strains and disruptions in tech manufacturing and warehousing.
Vacancy for flex buildings older than 1990
Deteriorating and nearly obsolete flex products face greater challenges in reducing vacancy rates compared to industrial product.
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