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Deal Volume Spikes to 1.5M SF Fueled by Turbo Leases

WeWork's big splash in San Jose offers an intriguing alternative to firms looking for scalability and flexibility; options that have been in short supply in the Valley's office market, according to Savills Studley.

By Lisa Brown | Updated on February 09, 2018

Diridon Station Site A site at 440 West Julian St. is located within the Diridon Station Area Plan in San Jose.

SAN JOSE—Home to many Fortune 500 companies, Silicon Valley is known as a hub of information-technology development and brain power. San Jose ranks as the third-largest city in California and the 10th-largest US city, according to city government stats. Santa Clara County is the largest Bay Area county in terms of population (nearly 2 million) and total employment, including 1 million wage-and-salary jobs, according to a recent Santa Clara County economic forecast.

Furthermore, in a report that analyzes 30 metropolitan areas in terms of the economic impact of digitalization, Brookings has just ranked San Jose as number one, GlobeSt.com learns. In recent decades, the diffusion of digital technology into nearly every business and workplace or digitalization has been remaking the US economy and the world of work.

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