The office markets in the South Bay and East Bay have outperformed San Francisco’s moribund office sector in key ways.
SAN JOSE — The office markets in the South Bay and East Bay — while feeble in a post-coronavirus era — still outperform San Francisco’s moribund office sector in key benchmarks.
The benchmarks to compare the three regions include the average size of an office lease, the length of a rental agreement and concessions that landlords make to tenants such as free rent, Avison Young determined.“Silicon Valley is the epicenter of tech with decades of tenants that have withstood various economic cycles with new innovations at the rebirth of each return,” said Dina Gouveia, Avison Young’s regional lead of innovation & insight.
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