San Jose - Silicon Valley office market reports

Q3 2023

The current scenario in the office space market, characterized by a surplus of available spaces and subdued leasing demand, is projected to reach historically low levels by the end of the year.

-2.64 msf

YTD Net Absorption

Year-to-date, there has been a negative net absorption of -2.64 million square feet characterized by a surplus of available spaces and subdued leasing demand.


Leasing velocity

Leasing velocity has plummeted by a staggering -61.1% compared to the previous year. Occupiers are adopting a cautious "wait and see" approach.


Remote job positions

Early indications show that employers are asserting their influence by implementing mandates for in-person work and reducing the availability of remote job opportunities compared to the peak in 2022.


Your source for the latest San Jose - Silicon Valley office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater San Jose - Silicon Valley area. Avison Young advisors look at San Jose - Silicon Valley commercial real estate activities and the latest San Jose - Silicon Valley statistics to provide you expert market research on San Jose - Silicon Valley's office properties.

Explore different topics like the latest office market pricing trends and analysis of San Jose - Silicon Valley's current office real estate market conditions. Gain a better understanding of San Jose - Silicon Valley’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in San Jose - Silicon Valley's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in San Jose - Silicon Valley.

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