Silicon Valley Commercial Space

Q2 2017

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Despite high demand for large office space, continued occupancy losses over the last three quarters have led to increased vacancy rates throughout Silicon Valley. And while low Q2 commercial space deliveries might appear to indicate a slowdown in regional commercial development, there is a significant amount of space in the pipeline. The 11 million square feet of new commercial space under construction in Q2 was more than in any single quarter since Q4 2000.

Charts/tables featured in this report:

• Figure A1. Quarterly Commercial Space Completions, since 2000
• Figure A2. Annual Commercial Space Completions, since 2010
• Table A3. Large Commercial Space Completions, Q2 2017
• Figure A4. Quarterly Development In-Progress, since 2000
• Figure B1. Quarterly Vacancy Rates, since 2010
• Figure B2. Annual Vacancy Rates by Sector, since 2000
• Figure C1. Quarterly Rents by Sector, since 2010
• Figure C2. Annual Average Rents by Sector, since 2000
• Figure D1. Bay Area Office Space Under Construction & Share Pre-Leased to Tech Firms, 2017