Silicon Valley powers to biggest year ever for commercial property deals

Silicon Valley powers to biggest year ever for commercial property deals

2 years ago
Anonymous $R5WK5a8uaN

https://www.siliconvalley.com/2022/03/16/silicon-valley-biggest-year-commercial-real-estate-tech-covid-office/

SAN JOSE — Silicon Valley’s commercial property market powered to its biggest year ever in 2021, fueled by the highest dollar volume ever recorded for office building purchases, a new CBRE report shows.

Tech titans, investors and real estate developers scrambled to plunk down a head-spinning $8.71 billion to grab office buildings and research and development properties in 2021, reported CBRE, a commercial real estate firm.

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