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What's Happening Now

Commercial development hits lowest level since 2012

cover imageSeptember 9, 2026 - Silicon Valley’s commercial space pipeline continued to contract through the second quarter of 2026, as in-progress development fell to its lowest level since 2012. Industrial and lab space accounted for all new development activity in the first half of 2026, while three of the past four quarters saw no new office completions.

Leasing activity remained strong, even as vacancy rates neared their highest levels since 2003 and asking rents continued to decline. Industrial was the only space type to see rising rents in 2026.

Read the report: Silicon Valley Commercial Space

Silicon Valley: One of the world's most global communities

rays of light arching over globe showing the connection of the broader global communityAugust 31, 2026 - Silicon Valley, widely recognized as a global innovation center, is also one of the world's most international communities. Two out of every five residents were born outside the United States — a share that ranks among cities like Geneva, Zurich, and Amsterdam. Within the tech workforce, that share rises to two out of every three.

The Valley’s international character is more than a demographic distinction — it is a defining strength that translates to a breadth of experience, language, and culture — and more than 4,500 cultural assets, including public art, festivals, and events.

Read the report: Silicon Valley’s foreign-born residents

Back-to-school season returns. So do the costs.

scale with books on lighter side and dollar sign on heavier sideAugust 13, 2026 - Silicon Valley families are facing some of the highest back-to-school costs in the nation — at a time when 65% say they have to cut back on necessities to make ends meet. Although California schools are required to provide instructional materials, the requirement does not extend to school supplies or participation in after-school activities.

While more than a dozen states offer back-to-school sales tax holidays on qualifying purchases, California is not among them — and it is not clear that lower-income families would realize substantial benefits.

Read the report: Back-to-school costs

Unemployment holds steady as jobs in healthcare rebound

August 12, 2026 - Silicon Valley’s unemployment rate is holding steady at 3.9%, according to data from June 2026, the most recent month available. This rate is among the lowest in the state — slightly higher than in San Francisco, but lower than in California or the United States overall.

June’s numbers are accompanied by strong gains in the healthcare industry, which has added more jobs than any other sector — 22.6% since before the pandemic. Arts, entertainment, and recreation have also seen significant gains, bettering their pre-pandemic position by nearly 11%.

Read the report: Silicon Valley employment data

Why does school funding vary across Silicon Valley?

elementary school children learning at their desks in a classroomJuly 20, 2026 - California’s school finance system delivers uneven funding results for Silicon Valley school districts. Some receive close to 90% of their revenues from local sources, while others — despite serving students just a few miles away — must rely heavily on state and federal funding. The disparities fuel ongoing debate about the tradeoffs between local control and educational equity.

In a new analysis, Joint Venture research affiliate T. F. Tierney traces the historical decisions that shaped the state’s school finance system and reviews alternatives for change.

Read more: Where you live, where you learn

See the trends shaping Silicon Valley — one post at a time

Indicator Insights

For years, you’ve relied on the neutral, nonpartisan Silicon Valley Index to track more than 150 key indicators surrounding the region’s economy and quality of life.

These data tell an important story — and now, we’re sharing it weekly. Want to know what’s really happening in our region? Tap below to visit Joint Venture Silicon Valley and subscribe.

Each Wednesday, one carefully chosen data point will land at your fingertips, chosen to drive the conversations that move Silicon Valley forward. Subscribe today — see where the data will lead you.

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2026 Silicon Valley Index: Hot Engine, Stalled Growth

cover imageThe 2026 Silicon Valley Index shows $92 billion in venture capital, more than 23,000 new patents, and hundreds of unicorns driving productivity. But with median home prices nearing $2 million and a quarter of households unable to meet basic needs, the gulf between Silicon Valley’s sky-high output and life on the ground remains clear.

“The economy has kept its pace,” said Russell Hancock, Joint Venture chief. “But it’s really tense out there.”

Download the Index and dive into more than 150 indicators charting Silicon Valley’s people, economy, society, place, and governance, available now.

Download the Index | Read the news release

The Silicon Valley Poll: Taking the Valley’s pulse

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If the Silicon Valley Index is the region’s annual checkup, the Silicon Valley Poll is its therapy session — revealing not just what’s happening, but how people feel about it.

Carried out each August by the Silicon Valley Institute for Regional Studies in partnership with Bay Area News Group, the Poll captures public sentiment from a representative sample of Bay Area adults across five counties. Results are weighted for accuracy, with a modeled margin of error of 2.6%. Widely covered and closely watched, the Poll offers essential insight, informing decision-making and guiding the region’s future.

Download the most recent Silicon Valley Poll

Silicon Valley Indicators: All the data at your fingertips

indicators home page Stay informed and dive deeper into Silicon Valley’s story at www.siliconvalleyindicators.org — where you can find all the data, all in one place. Use the dashboard to find more than 150 unique datasets across five key categories: People, Economy, Society, Place, and Governance.

Discover trends across a wide range of topics—including venture capital, patents, housing, climate, and more. Powered by the Silicon Valley Institute for Regional Studies, the website utilizes advanced methodologies to provide deeper insight and inform decision-making, while linking users back to local, regional, and national sources.

What is Joint Venture Silicon Valley?

Joint Venture Silicon Valley is a think tank created and supported by the major sectors (business, government, labor and academia). Through the Institute for Regional Studies, the organization provides research assessing the Valley's challenges and opportunities; Joint Venture is also a platform where leaders develop shared priorities and take collaborative action.

Learn more

Bay Area income inequality gap eclipses U.S.

grey and white coverNew data from Silicon Valley Institute for Regional Studies

July 28, 2015 – The latest tech boom has stretched the Bay Area’s income inequality gap to its widest level in decades, according to a new study from Joint Venture Silicon Valley’s Institute for Regional Studies.

The Institute’s research brief, “Income Inequality in the San Francisco Bay Area,” found that average incomes among the highest-earning Bay Area households are $149,000 higher than they are nationwide ($489,000 here compared to $340,000 in the U.S.).

The gap between high-income and low-income households is much wider ($263,000 compared to the $178,000 in the U.S.), the study reported.

Average incomes among the top five percent of Bay Area households are $473,000, 31.5 times higher than the average incomes in the bottom 20 percent, compared to a difference of just $328,000 in the U.S. overall.

"Both this brief and our recently released report on poverty in the Bay Area provide a comprehensive look at the low degree to which our region's prosperity is shared,” said Rachel Massaro, Joint Venture vice president and senior research associate for the Institute.a

“Although income inequality in the Bay Area is comparable to measured inequality in the rest of the state and nation, it has been increasing much faster in the Bay Area over the last 20 years,” said Jon Haveman, a principal at Marin Economic Consulting, who authored the study.

About the Silicon Valley Institute for Regional Studies

The Silicon Valley Institute for Regional Studies provides research and analysis on a host of issues facing Silicon Valley’s economy and society. The Institute is housed within Joint Venture Silicon Valley. For more information, visit www.siliconvalleyindicators.org.

 

In the News

September 4, 2026 - (NBC Bay Area) - Interest Rates Might Not Go Down Yet. Here's Why –  "It's ag-tech, ed-tech, fin-tech, and health-tech," said Russell Hancock, Joint Venture CEO. "All of these sectors are utilizing tech and creating jobs. Meanwhile, the tech sector itself is eliminating jobs." More

September 3, 2026 - (Liberty Nation News) - DEI Gets the America First Treatment - India-born employees account for 23 percent and China-born for 18 percent – together outnumbering U.S.-born workers at just 34 percent, according to a 2025 Joint Venture Silicon Valley report. More

September 2, 2026 - (Journalarta) - Trump Admnistration Revives Plans to End Work Permits - "Many techies are married, so they have to make plans for their spouses," Russell Hancock told the Mercury News. More

September 1, 2026 - (New York Post) - The "Progressive" Movement Rebels Against the Tech Oligarchs - “Silicon Valley, once a bastion of upward mobility, has become increasingly unequal, according to a recent report by Joint Venture Silicon Valley. More

August 31, 2026 - (San Jose Mercury News) - H-1B Visa: Trump Administration Proposes New Rule For Visa-Holders' Spouses - “Many techies are married, and in Silicon Valley you can't make it on a single income,” said Russell Hancock, CEO of think tank Joint Venture Silicon Valley. More

August 24, 2026 - (California Globe) - Trump Administration Proposes $`03,265 H-1B Fee - India-born employees account for 23 percent and China-born for 18 percent–together outnumbering U.S.-born workers at just 34 percent, according to a 2025 Joint Venture Silicon Valley report. More

August 21, 2026 - (San Jose Mercury News) - Bay Area Adds 2,300 Jobs Even as Tech Sector Sheds 4,400 - “Our Silicon Valley engine isn’t generating the same type of explosive job growth that we have seen with previous waves of innovation,” said Russell Hancock, president of Joint Venture Silicon Valley. More

August 18, 2026 - (Washington Post) - When a Silicon Valley Worker on an H-1B Visa Loses a Job.- In Silicon Valley, that reality is regional, not abstract. The Joint Venture 2026 Silicon Valley Index reports that 40% of the region’s residents are foreign-born. More

August 17, 2026 - (San Jose Spotlight) - A Layoff Shouldn't Uproot a Silicon Valley Family- The Joint Venture 2026 Silicon Valley Index reports that 40% of the region’s residents are foreign-born. Visa holders have spouses, children in local schools, leases or mortgages and deep ties to neighborhoods. More.

August 16, 2026 - (KCBS Radio) - Silicon Valley Holding Steady When It Comes to Job Gains - "We have a very hot enging right now," said Russell Hancock, CEO and president of Joint Venture Silicon Valley. It is at as high a pace and as fast a clip as we have ever seen. More.