Your Commercial Real Estate Source in the San Francisco Bay Area
Slow office leasing activity in the first quarter of 2014 led to negative net absorption across Silicon Valley. This negative net absorption of -177,990 square feet caused vacancy to increase slightly, to 11.69%. Investment sale activity remained strong, with the hope that this lull in leasing will end in coming quarters. With many deals currently in the negotiation stages, as well as flowing VC money, activity should increase throughout 2014.
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