Snapshots

Office transaction activity on track to surpass previous 3 years

A strong 2nd quarter added $1.6 billion in office investment sales to Silicon Valley, pushing office investment sales volume to approximately $3.4 billion so far in 2019

July 31, 2019
  • A strong 2nd quarter added $1.6 billion in office investment sales to Silicon Valley, pushing office investment sales volume to approximately $3.4 billion so far in 2019, set to surpass the previous 3 years.
  • Due to a few large transactions and an aggressive acquisition of space in Downtown San Jose, just over 50% of investment sales so far in 2019 have been concentrated in San Jose and Palo Alto, a shift from the prior year when just under half of all sales were in San Jose and Mountain View. 
  • Mori Trust’s acquisition of 110-130 Holger way, now fully leased by both Micron and Zscaler, is the most significant cross-border transaction in the past year, making up nearly 58% of cross border investments. This is the first Japanese cross-border investment since 2009. 
  • Jay Paul Co has been the most prominent private investor in San Jose, investing over $734 million since 2018. 

Sources: Real Capital Analytics, JLL Research

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