For Larger Tenants Seeking Prime Space, Options are Becoming Scarce

JLL, Larger Tenants, Silicon Valley, commercial real estate news, Sunnyvale, Foster City, San Francisco, North San Jose, Mid-Peninsula

jC4vvrHsWgMFOYrQKHJdVK_DXJ3Vpv5CucMqSVaH7Bs

-In Q3 2014, overall Class A office vacancy was 14.6 percent. However only 6.8 percent of available Class A space can accommodate requirements greater than 100,000 s.f.
-The nearest existing available 100,000 s.f. block of space north of Sunnyvale is located in Foster City in the San Francisco Mid-Peninsula market.
-Tenants are beginning to look to North San Jose for “newer”, renovated space. There has been approximately 630,000 s.f. of YTD leasing activity for such product with another 200,000 s.f. expected to close by Q4 2014.

West Coast Commercial Real Estate News