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