A Resurgence Coming from Silicon Valley?

San Francisco Chronicle writer, Tom Abate, addresses this question pretty eloquently in “Why Silicon Valley Faces Fresh Threats” (February 11, 2010). Unfortunately, the forecast isn’t rosy. He cites “fresh threats” from “a shakeout in venture capital, a foreign brain drain and a crisis in California education.” Considering the 16 million square feet of vacant office space in Santa Clara County, this block of space will continue to cheapen as the area competes to maintain its current base of tenants as well as attempting to draw tenants from surrounding areas. Can Silicon Valley be the centerpiece for economic “recovery” in the Bay Area? I think it’s unlikely for the foreseeable future. But this news, tenants, spells more opportunity for you than ever. We should discuss your company’s office leasing status and how to take advantage of market conditions. Get in touch today.

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