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Silicon Valley Offices Trading at Massive Discounts

With trades seeing discounts of up to 75%, sellers slash asking prices for prime, but empty properties.

By Jack Rogers | March 28, 2025 at 08:12 AM

While a surge in office leasing signals that a recovery is emerging in Silicon Valley’s office market, sales prices for recent office trades indicate that valuations are still trailing the bottom.

Office properties that have traded at bargain-basement prices in recent weeks include a two-building campus in Santa Clara that Los Altos-based Four Corners Properties scooped up in an all-cash deal for about $21M, a 75% discount off its last assessed value.

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