Real Estate/Development
Jul. 2, 2000
UPDATE Silicon Valley
By John McCloud Like the rest of the inner Bay Area, Silicon Valley is enjoying the tightest real estate market in history. CB Richard Ellis calls the level of office activity "unparalleled," while BT Commercial says the first quarter of the year "can only be described in superlatives," including lowest vacancy on record, highest ever quarterly gross and net absorption, sharpest decline in sublease space, lowest number of listings and highest ever asking rate in key cities.
By John McCloud
Like the rest of the inner Bay Area, Silicon Valley is enjoying the tightest real estate market in history. CB Richard Ellis calls the level of office activity "unparalleled," while BT Commercial says the first quarter of the year "can only be described in superlatives," including lowest vacancy on record, highest ever quarterly gross and net absorption, sharpest decline in sublease space, lowest number of listings and highest ever asking rate in key c...
Like the rest of the inner Bay Area, Silicon Valley is enjoying the tightest real estate market in history. CB Richard Ellis calls the level of office activity "unparalleled," while BT Commercial says the first quarter of the year "can only be described in superlatives," including lowest vacancy on record, highest ever quarterly gross and net absorption, sharpest decline in sublease space, lowest number of listings and highest ever asking rate in key c...
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