San Jose - Silicon Valley Industrial Real Estate Market Reports | Avison Young US - San Jose-Silicon Valley
San Jose - Silicon Valley industrial real estate market reports
Q2 2023: With limited Silicon Valley industrial building inventory and high occupier demand, multiple submarkets are reporting a 0% availability rate. Flex on the other hand continues to show increases in available space as the market lacks demand.
Industrial Vacancy Rate
After a healthy two-year run, the supply constrained industrial market in Silicon Valley showed signs of softening in the summer months.
Flex Net Absorption
The majority of negative absorption in Q2 2023 was seen in isolated flex heavy submarkets in Milpitas and San Jose IBP.
Flex Under Construction
Much of the new industrial and flex construction expected to deliver over the next 12 months will have little to no effect on the market.
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