SAN JOSE, CA—Silicon Valley's office and research leasing and development sectors may be even more active in this year than in 2012, according to a report this week from Colliers International.
Additionally, The San Jose Mercury News notes that the tech employment and expansion boom that has consumed office and research space the last couple of years is showing few signs of slowing down, citing the report.
Companies are currently seeking a combined total of 7 million square feet of office and research space in Silicon Valley, Colliers reported during its annual forecast and presentation in downtown San Jose. That would be roughly equivalent to enough space for six or seven regional shopping malls.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
