Silicon Valley - San Francisco Peninsula office market reports

Q2 2025

After years of lagging behind the San Francisco Peninsula, Silicon Valley is now leading the region’s office market recovery. Availability in the Valley has declined for five consecutive quarters to 24.8%, driven by renewed tech leasing and limited new supply, while the Peninsula’s rate has climbed to a post-COVID high of 28.9% amid softening life science demand. Leasing activity in Silicon Valley rose 25.3% year-over-year—second only to San Francisco—at a time when U.S. office leasing overall declined by 9.4%. In contrast, Peninsula leasing dropped 36.8%, highlighting a growing divide shaped by tenant preferences for transit-rich, amenity-heavy locations. Capital markets in Silicon Valley have also regained momentum, with 2025 midyear sales already surpassing the totals from 2023 and 2024, led by major acquisitions from Apple and Nvidia totaling nearly $850 million.
24.8%

Availability Rate 

Silicon Valley availability declines as the Peninsula continues to rise.
+25.3%

Leasing Activity 

Silicon Valley sees significant increase in YoY leasing activity.
$804M

Sales Volume 

Silicon Valley's midyear sales volume exceeds previous two full years.

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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