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Commercial Space

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Commercial space availability decreased slightly in 2013.
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Commercial Space
Change in Supply of Commercial Space
Santa Clara County

* 2013 data is through Q3 2013.

Data source:
Colliers International
Analysis:

Silicon Valley Institute for Regional Studies

Office space vacancy rates rose in San Mateo County, while industrial space vacancy rates fell in both counties.
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Commercial Vacancy
Annual Rate of Commercial Vacancy
Santa Clara and San Mateo Counties

* 2013 data is through Q3 2013 except Office Space in San Mateo County, which is through Q2 2013.

Data source:
Colliers International
Analysis:

Silicon Valley Institute for Regional Studies

Commercial rents continued a 3-year upward trend in both counties for office space, and for R&D space in Santa Clara County.
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Commercial Rents
Annual Average Asking Rents
Santa Clara and San Mateo Counties

* 2013 data is through Q3 2013 except Office Space in San Mateo County, which is through Q2 2013.

Data source:
Colliers International
Analysis:

Silicon Valley Institute for Regional Studies

Office space continued to dominate new commercial development in 2013.
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New Commercial Development
By Sector
Santa Clara County

* 2013 data is through Q3 2013.

Data source:
Colliers International
Analysis:

Silicon Valley Institute for Regional Studies