Colliers International has issued its annual report on the Silicon Valley commercial real estate market, and the forecast highlights the “sizzling” commercial real estate market, and the demand for office space that predominates Silicon Valley. Most notable is the following statement:
“The Sunnyvale office market continues to be the big story, first capturing headlines with a record-setting 2011 and following that up with another stellar year,” Colliers stated in its report. “Big deals continue to be the story in Sunnyvale.”
Besides Apple and Google, Juniper Networks and Lab 126 will occupy buildings this year that are being prepared for them, according to Colliers.