October 2, 2026 – Concern about the Valley’s future is growing: 60% of residents say the region is on the wrong track, 90% call housing and the cost of living “serious problems,” and almost half struggle to cover monthly expenses, according to the 2026 Silicon Valley Poll.
Q2 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.
Q1 2026 - Office vacancies have climbed above dot-com-era highs, asking rents continue to decline across all major space types, and commercial development has slowed to its lowest level in over a decade. At the same time, leasing activity is on track to record its highest volume since 2022, driven by expansion in research and development and flex space.
Joint Venture’s Q1 2026 market update — released in partnership with JLL Silicon Valley — breaks down the latest trends shaping Silicon Valley’s commercial real estate landscape, including vacancies, rents, leasing activity, and development.
February 24, 2025 – The 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.
Learn more about the Silicon Valley Index online at siliconvalleyindicators.org.
Q3 2025 - Silicon Valley completed 5.61 million square feet of new commercial space through Q3 2025 — but in-progress development fell to 4.49 million square feet, its lowest level since Q2 2013.
October 6, 2025 – The 2025 Silicon Valley Poll reveals growing optimism about life in the Bay Area, even as respondents voice concerns about the direction of national and state policies.
Q2 2025 - Silicon Valley completed 5.32 million square feet of new commercial space in the first half of 2025, but in-progress development fell to 4.67 million square feet — the lowest level since 2013.
Q1 2025 - Silicon Valley completed 2.42 million square feet of new commercial space in Q1 2025, its strongest first quarter since 2002. Lab and industrial space are driving the majority of new activity, reflecting demand from biotech, manufacturing, and logistics.
March 6, 2025 – The 2025 Silicon Valley Index reports $69 billion in venture capital tempered by a 0.1% decline in employment, signaling an innovation engine running strong but shifting out of high gear. Per capita income soared to $157,000, but inflation eroded those gains, while the median home price rose to $1.92 million, out of reach for all but 26% of first-time buyers.
Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.
Q3 2024 - Silicon Valley's commercial real estate market has shown signs of recovery through the 3rd quarter of 2024, with new development at its highest level since 2021. Even still, vacancy rates are up and asking rents are down, reflecting ongoing challenges in adjusting to post-pandemic trends.
The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues.
Get comprehensive information and data about Silicon Valley’s economic and community health at siliconvalleyindicators.org.
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