Higher sales prices, shrinking inventories, and growing construction costs are creating urgency for businesses looking for commercial space. San Jose,Calif.,February 1, 2007— 5-4-3-2-1 Liftoff! That thundering you hear is the sound of lease rates onSilicon Valleycommercial real estate leaving the launching pad and climbing back toward sustainable levels. No one expects rents to go through the stratosphere, but after being exceptionally low for the past five years or so, lease rates on commercial real estate are due for a significant rise. Business owners and property investors who are sitting … [Read more...]
Archives for February 2007
Commercial Real Estate Rents Rise Throughout Silicon Valley
Higher sales prices, shrinking inventories, and growing construction costs are creating urgency for businesses looking for commercial space. San Jose, Calif., February 1, 2007 — 5-4-3-2-1 Liftoff! That thundering you hear is the sound of lease rates on Silicon Valley commercial real estate leaving the launching pad and climbing back toward sustainable levels. No one expects rents to go through the stratosphere, but after being exceptionally low for the past five years or so, lease rates on commercial real estate are due for a significant rise. Business owners and property investors who are … [Read more...]