Bottom Dropping Out Of Office Real Estate Market In Silicon Valley

from the getcher-cheap-office-space-here dept

Well, it appears the market for office space in the California Bay Area is collapsing quickly. Vacancy rates are increasing rapidly and rent is decreasing. Companies are looking to sublease portions of their current office space, and others who had planned large fancy new headquarters are writing off their investments. Of course, it’s good for the few companies that are looking for office space. They can find great space quickly and cheaply.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...