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Old 11-18-2011, 03:49 PM
 
Location: San Jose, CA
1,318 posts, read 3,555,021 times
Reputation: 767

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Is it me, or has there been a quick turn around with regards to what is happening with office space in Silicon Valley, especially large class A office space like Moffett Towers and America Center.

Polycom is moving some 150 or so jobs from Pleasanton to San Jose, along with more hiring
Polycom HQ headed to America Center - Silicon Valley / San Jose Business Journal
Polycom confirms San Jose HQ location - Silicon Valley / San Jose Business Journal
High-Tech Company Leaving Pleasanton - Pleasanton, CA Patch

Moffett Towers
HP moving Fortify, ArcSight to Moffett Towers - Silicon Valley / San Jose Business Journal
Microsoft’s Silicon Valley offices moving to Moffett Towers | WinRumors
Moffett lands Motorola - Silicon Valley / San Jose Business Journal
Financial Engines lands at Moffett Towers - Silicon Valley / San Jose Business Journal

For quite a while these two complexes where empty brand new office parks. Do you think this means we are going to once again go to a low vacancy rate in SV, or it is just companies moving to nicer buildings because they have good negotiating positions.
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Old 11-18-2011, 05:01 PM
 
2,311 posts, read 3,506,319 times
Reputation: 1223
Quote:
Originally Posted by cardinal2007 View Post
Is it me, or has there been a quick turn around with regards to what is happening with office space in Silicon Valley, especially large class A office space like Moffett Towers and America Center.

Polycom is moving some 150 or so jobs from Pleasanton to San Jose, along with more hiring
Polycom HQ headed to America Center - Silicon Valley / San Jose Business Journal
Polycom confirms San Jose HQ location - Silicon Valley / San Jose Business Journal
High-Tech Company Leaving Pleasanton - Pleasanton, CA Patch

Moffett Towers
HP moving Fortify, ArcSight to Moffett Towers - Silicon Valley / San Jose Business Journal
Microsoft’s Silicon Valley offices moving to Moffett Towers | WinRumors
Moffett lands Motorola - Silicon Valley / San Jose Business Journal
Financial Engines lands at Moffett Towers - Silicon Valley / San Jose Business Journal

For quite a while these two complexes where empty brand new office parks. Do you think this means we are going to once again go to a low vacancy rate in SV, or it is just companies moving to nicer buildings because they have good negotiating positions.
I'll take some pictures this weekend of huge swaths of vacant commercial property in the MV area .. just a reshuffling .. nothing to get excited about IMO. There's also a monstrosity off of 237 .. two newly constructed big commercial buildings that have been vacant for at least 2 years..
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Old 11-18-2011, 05:28 PM
 
Location: San Jose, CA
1,318 posts, read 3,555,021 times
Reputation: 767
Quote:
Originally Posted by yeahthatguy View Post
I'll take some pictures this weekend of huge swaths of vacant commercial property in the MV area .. just a reshuffling .. nothing to get excited about IMO. There's also a monstrosity off of 237 .. two newly constructed big commercial buildings that have been vacant for at least 2 years..
Are you thinking of America Center, the one on the first 3 links? That one and Moffett Towers have been the 2 office parks that were brand new empty office parks last year, lots of office space. I think Moffett Towers is 1.8M sqft, and America Center is half that.

I wonder if this is a trend away from the 1-2 story office parks that are prevalent in Mountain View, Sunnyvale, and Santa Clara, especially closer to Central Expwy.

The other class A buildings recently built that come to mind are 525 Almanor Ave. in Sunnyvale, CA. and Java Metro Center at Java and Borregas. The first has leased about 100,000sqft to Riverbed, the other I have no idea about. The funny thing is that most of these buildings were finished just before or during the recession, so they have been empty for a while. There is also one in downtown San Jose, but I don't really think that has much chance of being occupied given the vacancy rate downtown.
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Old 11-21-2011, 12:18 PM
 
12,823 posts, read 24,406,112 times
Reputation: 11042
We will yet see urban prairie across large swaths of the Bay Area. Unlike the NE and Great Lakes regions our urban prairie will be in areas that are commercial rather than residential.
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Old 11-22-2011, 09:52 PM
hsw
 
2,144 posts, read 7,163,796 times
Reputation: 1540
Many start-ups, esp those which are engineering-light and consumer/social-oriented, want "cool" space in dumpy PaloAlto

BigTech needs big, new, latest-tech, self-contained, privacy-oriented spaces like what AAPL wants to build in Cuper or GOOG wants to build in MV...stuff that one can't easily build in commie PaloAlto

Reality is space in Cup, MV, etc is cheap and efficient for any profitable BigTech (AAPL's proposed ?$3Bn new HQ is loose change for a co. with almost $100Bn cash in its checking acct)...and start-ups are playing w/VC money anyway and most start-ups die eventually

Given that most top engineers reside in PA/Woodside/Atherton and work 24/7 on their computers and visit office for mtgs whenever convenient, the entire notion of vast, fixed office space is rather mockable Luddite stuff in the world's most virtual yet productive and innovative economy, SV....
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