Post a New Topic
Original post made
on Jul 25, 2008
Will all of these new office developments lead to new tenants, though, or will it just be more vacant office space?
Other than the Google building mentioned in the article and the possibility of Nokia expanding into the 331 Fairchild building, I don't hear any other names associated with these new developments.
What are the vacancy rates of commercial real estate in MV currently?
Office vacancy in Mtn View is a bit below 10%-- down from a year ago, up a bit from the beginning of '08. This is better than the Peninsula at large, also better than Silicon Valley overall. The market is slowing down, however.
Really, though, that isnt all that relevant. None of these new buildings will be ready for occupancy for a good year or more. Impossible to say what market conditions will be at that point, but its likely that the developers taking a risk now in a weaker market are making a decent bet on the future.
A lot of the vacant office and industrial buildings in Mountain View are of the smaller, single-story variety left over from the 1960's and 70's - too small, inefficient, unusable, poorly designed and constructed, insufficiently wired, insulated, lit, etc. I think a lot of these are the ones that remain vacant nowadays because they are now considered obsolete in this day of the sleek, iconic, "Class A" corporate headquarters.
With this new building boom, maybe Mountain View can get something that they need a good Hotel
Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online.
Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information
We prefer that you use your real name, but you may use any "member" name you wish.
Select your neighborhood or school community: * Not sure?
- Bailey Park
- Blossom Valley
- Castro City
- Cuesta Park
- Jackson Park
- Monta Loma
- North Bayshore
- North Whisman
- Old Mountain View
- Rengstorff Park
- Rex Manor
- Shoreline West
- St. Francis Acres
- Stierlin Estates
- Sylvan Park
- The Crossings
- Waverly Park
- Whisman Station
- another community
Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.
Why I Became Active in Palo Alto Forward
By Steve Levy | 12 comments | 2,383 views
Early Decision Blues
By John Raftrey and Lori McCormick | 0 comments | 2,031 views
Death with Dignity
By Chandrama Anderson | 2 comments | 1,184 views
With a Perspective....
By Ms. Jenson | 0 comments | 418 views
10 Tried and True Ways to Increase Happiness
By Caroline Fleck | 0 comments | 171 views
Home & Real Estate
Shop Mountain View
Send News Tips
Circulation & Delivery
Palo Alto Online
© 2014 Mountain View Online
All rights reserved.