https://www.siliconvalley.com/2023/07/13/tech-san-jose-santa-clara-real-estate-build-economy-office-covid/ > SAN JOSE — Tech layoffs and retrenchments have shoved South Bay office vacancies higher and transformed downtown San Jose and Santa Clara into the region’s weakest office markets. > The worsening vacancy rates in Silicon Valley were a key revelation in a new report for the April-through-June second quarter of 2023 that was issued by CBRE, a commercial real estate firm.