Silicon Valley Trends 2020 Conference

40 million square feet of new office construction during just the past 10 years in Silicon Valley. The unemployment rate is currently 2.2%, substantially below the national average. Apple, Google, Amazon and Facebook have accounted for a significant portion of the overall leasing. According to Lena Tutko, senior research director with Colliers, “We are not seeing a tech exodus any time soon…what we are seeing is tech companies not only staying in the Bay Area but they are expanding…we saw movement from San Francisco and Peninsula based companies into the South Bay.”