Gregg von Thaden is principal and managing director of the Avison Young Silicon Valley office, and recently discussed the strategy for growth, real estate opportunities and the office goals in this <b>EXCLUSIVE</b>.
With nearly 20 million square feet delivered this year, this won't be an over-supply if 2015 is any indication; nearly 20 million square feet of new space arrived that year and almost all has been absorbed.
Shifting market conditions are putting pressure on corporate tenants facing lease expirations to begin looking for space sooner rather than later, says Cushman & Wakefield's Matthew Marshall.
Host Hotels & Resorts has signed a 55,000-square-foot lease and Booz Allen Hamilton is taking 65,000 square feet in the trophy office building under construction.
Strategic investments for value-add opportunities are earmarks of the region's strong economic environment and projected market growth as the city is poised for another great year in 2018.