Q3 2021 - Released quarterly in partnership with JLL, the Q3 2021 report noted leasing activity in the Silicon Valley market has become less volatile in the third quarter and investment activity is brisk, driving commercial real estate sales volume up to an aggregate of $6.3 billion — the highest since 2015.
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November 1, 2021 – This research brief examines homeownership in Santa Clara County, including data and analysis in the context of longer-term housing trends, the wealth gap, and economic mobility. The work was commissioned by the Santa Clara County Association of REALTORS in partnership with the Silicon Valley Association of REALTORS, with the intention of informing their work, and serving as a resource to Silicon Valley leaders and community members interested in the interconnections between homeownership and other indicators of regional health.
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October 22, 2021 – Silicon Valley’s latest unemployment rate for September is down to 3.9% — the first time the unemployment rate has dropped below four percent since the start of the pandemic, according to analysis by Joint Venture ’s Institute for Regional Studies. August to September 2021 represented a drop of 0.8 percentage points, or from 4.7% to 3.9%. The unemployment rate in Silicon Valley in September was two percentage points lower than it was at the end of 2020.
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October 12, 2021 – According to the Silicon Valley Poll, Bay Area residents (65%) feel a strong sense of belonging to their region. Yet the majority believe the quality of life has grown worse. More than half (56%) plan to move out of the Bay Area in the next few years. The poll was placed in the field by the Institute for Regional Studies in partnership with the Bay Area News Group.
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September 16, 2021 – Rental rates for multifamily housing in Silicon Valley have increased over the 2020 dip, with a large share of renters paying more than 30% of their income for housing, according to Joint Venture’s Institute for Regional Studies. This report provides a snapshot of the trends in the region’s housing market for residential structures with more than one dwelling unit in the same building.
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August 20, 2021 – Silicon Valley’s latest unemployment rate for July is back to 4.9% — where it was three months prior, according to analysis by Joint Venture Silicon Valley’s Institute for Regional Studies. Variations in the region’s employment numbers have been relatively small month to month over the past eight months, with the largest pandemic-period declines happening between the peak in April 2020 (12%) and last November (5.2%).
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Q2 2021 - Released quarterly in partnership with JLL, the Q2 2021 report noted that the pace of Silicon Valley commercial space development far exceeded that of 2020.
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July 16, 2021 – Silicon Valley’s employment growth stalled with an increase in the unemployment rate from 4.6% in May to 5.1% in June, according to analysis by Joint Venture’s Institute for Regional Studies. Similar upticks occurred across all 58 California counties, as the state unemployment rate overall rose by 0.5 percentage points month-over-month.
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July 15, 2021 – The Silicon Valley and San Francisco aggregate market cap has more than doubled, rising from $5.5 trillion to more than $12.6 trillion since spring of 2020, according to this data release from Joint Venture's Institute for Regional Studies.
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June 18, 2021 – Silicon Valley’s unemployment rate continued in a slow downward trend into May, reaching 4.6%. Joint Venture’s Institute for Regional Studies released analysis that shows a significant improvement in the region’s unemployment rate since the pandemic-high of 12% in April 2020. Month-over-month declines have been small. Between April and May, the rate declined by three-tenths of a percentage point, which represents approximately 3,630 fewer unemployed workers throughout Santa Clara and San Mateo Counties.
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