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.