COVID real estate: Silicon Valley office market slumps

COVID real estate: Silicon Valley office market slumps

3 years ago
Anonymous $y15ULlV7sG

https://www.mercurynews.com/2021/01/15/covid-real-estate-silicon-valley-office-market-slumps/

SAN JOSE — Office vacancies in Silicon Valley rose, while rents drooped at the end of 2020, according to a new report by Colliers International, an unsettling economic ailment ushered in by the coronavirus.

The vacancy rates in Silicon Valley for the October-through-December period of 2020 were the highest for the region since the July-through-September period of 2017, stated the report from Colliers, a commercial real estate firm.

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