Silicon Valley Office Leasing Reaches Five-Year Peak
Silicon Valley hit a major milestone in office leasing, with a whopping 2.4 million square feet leased in the fourth quarter. This surge, driven by tech giants, marks the first time quarterly leasing has surpassed 2 million square feet since Q2 2019. The second half of 2024 saw a total leasing volume exceeding 5.5 million square feet, setting the stage for a potentially strong office recovery in 2025. This data suggests a positive outlook for the tech hub. Stay tuned for more updates as the market continues to evolve.
