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Clare Hudson
Clare Hudson
  • 1 Minute Read
  • 08th July 2011

Fight for office space in Silicon Valley

US property developers aim to construct more Silicon Valley office space as demand has risen in recent years. As much as 15.9% of Silicon Valley space was vacant in 2009 as opposed to 8.35% today.

One of the new properties will become the seventh building in the Moffett Towers project in Sunnyvale, currently occupied by Microsoft, Hewlett-Packard, Motorola Mobility, Rambus and Comcast. It is expected that the 230, 000 sq ft, 8 storey property, will be filled before it’s completed.

Property company, Four Corners also intends to construct a new property on 290 Middlefield Road and Ellis Street and Dostart Development aim to create a further 3 more buildings across the road at 690 Middlefield Road.

Source: Silicon Valley developers eye speculative office construction