SAN JOSE — The office market in the South Bay showed signs of stabilizing in a big way during the first three months of 2024, buoyed by a major sublease deal involving two Silicon Valley tech titans.
“Silicon Valley’s office market is beginning to show signs of recovery,” said Ben Knight, a CBRE executive vice president. “It’s going to take some time to work through the office supply.” One example is One Santana West in San Jose, which is part of the destination Santana Row mixed-use neighborhood of stores, restaurants, office buildings, hotel facilities, housing and entertainment hubs.
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