Snapshots

Hottest submarkets on the rise in silicon valley

Expansion of the Silicon Valley continues as numerous projects are completed, with Sunnyvale remaining the hottest submarket.

November 13, 2019
  • Expansion of the Silicon Valley continues as numerous projects are completed, with Sunnyvale remaining the hottest submarket. From Q1 2015 to Q2 2019, office development in Sunnyvale delivered 5.1M S.F., Santa Clara with 3.5M S.F. and Mountain View with 1.8M S.F.
  • With more projects expected, Sunnyvale is expected to deliver 1.0M S.F., Mountain View with 653K S.F. and Santa Clara with 492K S.F., in addition to previously delivered projects, by the end of 2023.
  • Some of the projects accounting for Sunnyvale’s growth include: Pathline Park, Moffett Towers II and Oakmead Terrace. Sunnyvale will have delivered nearly 6M S.F. in just 8 years. 

Source: JLL Research

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