Sand Hill Road Vacancies

from the I-want-to-see-them-put-up- dept

Sand Hill Road is the famous road in Menlo Park where many of the big name venture capitalists have their offices. Well, perhaps fewer venture capitalists than before. Apparently, Sand Hill Road has a lot more vacancies than they’ve had in a while, and rent on office space is actually dropping there as well. While the whole Bay Area has had a huge drop in rental rates for office space, Sand Hill Road has historically been “above all that”. Of course, the rates are still ridiculously high, but I guess the mythical entrepreneur who wanders up and down the road banging on every door will find a lot more that don’t answer these days.

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Comments on “Sand Hill Road Vacancies”

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Ed says:

Tip of the iceberg

A 7.5% vacancy on Sand Hill road is just the tip of the iceberg. I drove through an area of Mountain View (mostly Shoreline near 101) the other day and practically every building was for lease. There were so many that it was a bit scary — Houston must have felt this way after one of the oil business busts 20 or so years ago.

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