|
|
|
|
|
The Ghost Towns Of Silicon Valley
|
|
 |
This Link is located in the Public Channel Clusterstock.
Posted by MyPropsMonkey 136 days ago (feedproxy.google.com). Views: 11
Tags: wall street finance stocks |
| Related Tags: economics business video forbes infesting investing gold bailout |
Silicon Valley's booms set fire to the local real estate market and new construction followed. But after a year or so of recession, south bay is littered with ghost buildings and empty office complexes.
At 20.5%, vacancy rates are the highest they've been in the Valley since 2003. Vacancy in research and developments spaces is at 18.9%. In Sunnyvale, more than half of the available offices are empty.
Combined, a total of 41.7 million square feet of R&D and office space lay bare in Silicon Valley. That's twice the size of Monaco.
See some of the most massive unused office parks in Silicon Valley.
Join the conversation about this story »
See Also:
Major Commercial Real Estate Lender Capmark To File Chapter 11Beige Book: No Green Shoots In Commercial Real EstateCommercial Real Estate: Serious, But Not The End Of The World
View Original Article
< Prev Item | Next Item >
|
|
|
|
|
|
