Silicon Valley Market Report 1Q21
Silicon Valley Market Report 1Q21
Silicon Valley absorption remained negative in the first quarter of 2021. However, occupancy losses were the lowest since the start of the pandemic, down roughly 170,000 square feet across all product types. Gross absorption tallied 3.8 million square feet, however, preleased new deliveries accounted for 38.5 percent of quarterly deal volume. Data provided by Colliers.
