Silicon Valley R&D Figures Q4 2023

Six consecutive quarters of occupancy losses leads to near decade-high vacancy

January 10, 2024 5 Minute Read

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The Silicon Valley R&D market closed Q4 2023 with an overall vacancy rate of 10.7%, net absorption of negative 373,617 sq. ft., and an overall average asking rate of $2.94 per sq. ft. on a monthly, NNN basis.