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

Fight for office space in Silicon Valley

SEARCH-OFFICE-SPACE-SILICON-VALLEY-CALIFORNIA-300x209US 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