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Home Commercial Silicon Valley Office Vacancy Climbs to 22.5% as Construction Pipeline Shrinks to 14-Year Low
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Silicon Valley Office Vacancy Climbs to 22.5% as Construction Pipeline Shrinks to 14-Year Low

June 30, 20263 Mins read532
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Silicon Valley's commercial construction pipeline collapsed to its smallest level since 2012 in the first quarter of 2026 even as leasing activity rebounded to its strongest pace in years, exposing a market split between a battered office sector and tighter industrial and R&D conditions. Developers completed just 766,000 square feet of new commercial space across […]

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