San Jose - Silicon Valley industrial real estate market reports

Q2 2022: San Jose-Silicon Valley's industrial market continued to trend in a optimistic directon with positive absorption, low vacancy, and continuing to deliver now space to the market. 

3.0 msf

Under Construction

With nearly a three million square feet waiting to deliver to the market, confidence in the region remains bright.

240 sf

Net Absorption

While lower than previous quarters, Silicon Valley saw its 3rd straight quarter of positive absorption in Q2 2022.

$1.77 psf

Average Asking Rent

Average asking rents in Q2 2002 were relatively stagnant, seeing only a marginal decrease quarter-over-quarter.

13.4 m


The amount of available square footage in Silicon Valley in Q2 2022 continued a downtrend for the fifth straight quarter as leasing activity remains consistent.



Silicon Valley’s industrial vacancy rate witnessed a continued downward trend in Q2 202, decreasing by 1.1% from the recent post pandemic peak in Q3 2021.

$317 m

Investment Sales

Total sales volume saw an uncharacteristic dip in Q2 2022, down from recent highs of $1.4 billion in Q4 2021.


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