Here is an article, entitled “Silicon Valley Office Market Booms,” from the Wall Street Journal about the rapidly-changing Silicon Valley office market. The turnaround for some properties in some locations has been nothing less than stunning during the past quarter –the best example is Sunnyvale’s Moffett Towers project. However, this article needs careful reading: the strongest market is for Class A space, from Sunnyvale north along the SF Peninsula. Class B and C space to the south continues to be in oversupply, with vacancy above 20%.
Norman C. Hulberg, MAI