CBRE: Silicon Valley Office Asking Rate Gap Widens

CBRE, Silicon Valley, Palo Alto, Santa Clara, Milpitas, asking rent, commercial real estate, Bay Area news, Silicon Valley real estate, tech office


The gap in average asking rates continues to widen across Silicon Valley, as the submarkets located between Palo Alto and Santa Clara carried the majority of the growth over the past 3 years. Palo Alto remains the most expensive, costing $5.47 per square foot more than IBP/Milpitas.

Source: CBRE

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