Valley Vision

Valley Vision - Joint Venture's Monthly Newsletter

Institute Report

Commercial space construction boom continues; industrial vacancy rates at 18-year low

Commercial Space Q3 2018 report cover

The surge of commercial space development in Silicon Valley continues unabated in the third quarter of 2018, with more than ten million square feet of new space under construction and the industrial space vacancy rate at an 18-year low of 2.6 percent, the Silicon Valley Institute for Regional Studies reported.

The Institute’s latest quarterly commercial real estate report, prepared in partnership with JLL Silicon Valley, shows that more than three million square feet of newly constructed office and industrial space was delivered to the market this year, a third of that total in Q3 alone.

Read the news release.

Download the report.

Joint Venture taps Ed Balocating to head Smart Cities Initiative

Headshot of Ed Balocating

Joint Venture Silicon Valley has appointed veteran electrical engineer Ed Balocating as Director of its Smart Region Initiative, a subspecialty of the organization's Civic Technology Initiative.

The Smart Region Initiative is a coalition between local governments, businesses, and residents working together to improve the quality of life in Silicon Valley through the targeted and holistic application of smart city technologies.

Read the news release.

Learn more about the Smart Region initiative.

Joint Venture, Bay Area Council lead delegation to Portland

Photo of Russ Hancock and Jim Wunderman next to a photo of scenic view of Portland

Joint Venture CEO Russell Hancock and Bay Area Council CEO Jim Wunderman led a delegation of Bay Area business, government and community executives to Portland last month to compare common regional governance issues with Metro, Portland’s highly regarded regional government and metropolitan planning organization.

The group included officials from the Metropolitan Transportation Commission, Association of Bay Area Governments, Union City, Assemblymember David Chiu’s office, Apple, the Silicon Valley Business Journal and San Francisco Business Times, the Bay Area Air Quality Management District, TMC Financing, Alaska Airlines, Madison Park, Plant Construction, and Palantir Technologies.

The delegation met with Portland Mayor Ted Wheeler and leaders of Metro, the Portland Business Alliance, and Prosper Portland.

Learn more about Portland Metro.

Gray and green banner

If it weren’t for his fellow Harvard University student Mark Zuckerberg, Matt Mahan would likely be just another one of some 80,000 lawyers in Washington, D.C. today.

Instead, Mahan is a tech entrepreneur like the Facebook co-founder and chairman who dissuaded him from law school and encouraged him to pursue his passion for politics and policy through technology.

Now the co-founder and CEO of the nonpartisan voter network and the newly-installed private sector co-chair of the Joint Venture board of directors, Mahan says Zuckerberg played a role in his career direction.

Read Matt's profile.

SV Economic Development Alliance Conference in Santa Cruz Nov. 1-2

conference locations

There’s still time to register for next week's Silicon Valley Economic Development Alliance conference in Santa Cruz with speakers and workshops on such important issues as changes in the retail environment, hotel development, and retaining manufacturing. California’s chief economist, Irena Asmundson, will make the keynote remarks to kick off the two-day event Nov. 1-2.

The symposium includes a keynote on retail consumer insights, case studies in retail development, panels on hotels and tourism and land use policy to support manufacturing, and site tours.

Learn more and register.

Register Now: 2019 State of the Valley Conference

SOV banner

Registration is now open for the State of the Valley conference, Joint Venture’s annual town hall meeting, to be held Friday, February 15, 2019 at the San Jose McEnery Convention Center.


Read all about last year’s State of the Valley event.

Investors Council Spotlight

Alaska Airlines logo

Joint Venture welcomes Alaska Airlines to its Investors Council. We are supported by numerous public and private organizations—large and small—throughout the region that invest in our projects and initiatives.

Joint Venture In The News

October 3, 2018 - (KCBS Radio) - Cybersecurity Symposium: "Joint Venture Silicon Valley's David Witkowski says more cities need to take a hard look at their cybersecurity before launching any new projects." More.

October 1, 2018 - (Idaho Business Review) - Can Idaho Leverage Silicon Valley's Problems?: "The two major components making Silicon Valley successful were innovation and entrepreneurship, said Russell Hancock, president and CEO of Joint Venture Silicon Valley." More.

September 25, 2018 - (San Jose Mercury News) - Palo Alto: Teacher Housing Experiment Moves Closer to Reality: "According to the Silicon Valley Index, roughly 1 percent of new housing in the county since 2015 has gone to middle-income earners." More.

Joint Venture Silicon Valley provides analysis and action on issues affecting our region's economy and quality of life.

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Joint Venture's initiatives, publications, events and regional expertise receive frequent coverage in the national and local news media. Our staff is always available to comment on economic trends in Silicon Valley.

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