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THE INSIDER
SILICON VALLEY R&D MARKET: AVAILABILITY VS. RENTS
SILICON VALLEY R&D AVAILABILITY & RENTS
STATISTICS AS OF 5/1/2014
STATISTICS AS OF 5/1/2014
Industrial
R&D
25.00%
20.00%
$1.25
15.00%
$1.00
10.00%
$0.75
5.00%
Q2-13
Q3-13
Q1-14 May-14
Office
Silicon Valley Q1 2014 Venture Capital Data
Sector Amount Deals
$3.50
Software $2315M 164
IT Services $566M 18
Consumer Products & Services $408M 12
$3.00
Media & Entertainment $363M 39
Biotechnology $277M 27
Industrial/Energy $229M 18
$2.50
Medical
Devices and Equipment $201M 20
Computers and Peripherals $177M
4
Semiconductors
$90M
7
$2.00
Telecommunications
$38M
5
Q4-12
Q1-13
0.00%
Avg. Asking Rent
Dollars Per SF, FS/Month
SILICON VALLEY VENTURE CAPITAL
Availability Rate
Q4-13
Q2-13
Q3-13
Q4-13
Q1-14 May-14
MOST RECENT STATISTICS FROM PRICEWATERHOUSECOOPERS
Availability Rate
Avg. Asking Rent
Market News
Warehouse
STATISTICS AS OF 5/1/2014
18.00%
16.00%
Deals
CompletedYear-to-Date
2014 YTD
R&DR&D
Deals
Completed
2014
Dollars Per SF, NNN/Month
Q1-13
$0.600
10
14.00%
30
40
50
60
56
$0.55
19
12.00%
20,001 SF - 40,000 SF
10.00%
6.00%60,001 SF - 80,000 SF
4.00%
0.00%
4.00% 6
2
80,001 SF - 100,000 SF
2.00%
$0.40
100,001 SF & Above
1
2.00%80
Q4-12
Q1-13
Q2-13
Q3-13
Deal chart based on Leasing and User Sale Activity; excludes renewals
Availability Rate
Office Deals Completed 2014 YTD
Unemployment Rate
0
20
Rovi Corporation leased 73,968 square feet at 2860 De La Cruz Blvd3,000
in SF - 5,000 SF
Santa Clara. Bixby Airport Technology Park LLC is the landlord.
5,001 SF - 10,000 SF
Triniti Corporation leased 67,000 square feet at 303 Ravendale Drive in
Mountain View. Landbank Investments International is the landlord. 10,001 SF - 20,000 SF
CBRE Global Investors purchased a 55,414 square-foot building on Borregas
20,001 SF - 50,000 SF
Avenue in Sunnyvale. TA Associates Realty was the seller.
50,001 SF & Above
Supracor, Inc. renewed their 55,124 square-foot lease at 2050 Corporate
Court in San Jose. IndCor Properties is the landlord.
6
0
10.00%
6.00% 4
5
$0.45
12.00%
8.00% 2
13
40,001 SF - 60,000
SF
$0.50
8.00%
Vanderbend Manufacturing leased 207,006 square feet at 2701 Orchard
Less than 3,000
Pkwy in San Jose. LBA Realty is the landlord.
Gross Absorption as of May 1, 2014: 2,542,245 Square Feet
Gross Absorption as of May 1, 2013: 2,951,549 Square Feet
20
5,000 SF - 20,000 SF
SANTA CLARA / SAN BENITO COUNTIES
Q4-12
SILICON VALLEY DEALS YTD
$0.50
Availability Available Avg. Ask.
Rate
SF
Rent (NNN)12.00%
North San Jose
18.01%
3,529,575
$1.70 10.00%
$0.80
Santa Clara
15.14%
3,001,915
$1.74 8.00%
Sunnyvale
10.00%
2,322,661
$2.01
6.00%
$0.70
Mountain View
4.33%
590,343
$2.34
4.00%
Cupertino
0.00%
0
n/a
$0.60
Fremont
22.74%
4,334,792
$0.85 2.00%
Milpitas
12.80%
1,732,393
$1.09 0.00%
$0.50
Q4-12
Q1-13
Q2-13
Q3-13
Q4-13
Q1-14
May-14
Palo Alto
1.73%
229,766
$5.17
Rate
Avg. Asking Rent
Silicon ValleyAvailability
13.22%
19,925,277
$1.42
City
$0.90
Dollars Per SF, NNN/Month
$1.50
Dollars Per SF, NNN/Month
Rent
Rent
May 2014
Colliers International - Silicon Valley
Rent
Rent
R&D
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
10
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
6.3%
6.3%
6.3%
5.8%
226.3%
6.4%
6.4%
6.8%
7.2%
6.9%
6.3%
6.6%
7.4%
40
Q4-13
Q1-14 May-14
0.00%
Avg. Asking Rent
Job Gain/Loss
60
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
80
65
2,849
71 3,844
-2,851
4,967
2,921
-7,031
5,639
4,697
-2,818
19
3,399
4,543
108
Net Absorption as of May 1, 2014: -602,767 Square Feet
Net Absorption as of May 1, 2013: 722,036 Square Feet
Colliers is currently tracking 105 user requirements of 20,000 square feet and greater. 27 of these users require a minimum of 100,000 sq.ft
April 2014 Comparison: 99 users total, 22 required 100K+ sq.ft. May 2013 Comparison: 102 users total, 25 required 100K sq.ft.
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no
reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents.
© 2014 Colliers International. CA License No. 00490878 | Colliers International • 450 West Santa Clara Street • San Jose, CA 95113 • 408 282 3800 • www.colliers.com
2
4
6
80
Dollars Per SF, NNN
Dollars Per SF, NNN
15.00%
10.00%
$0.75
$0.50
$0.80
5.00%
$0.70
Q4-12
Q1-13
Q2-13
Q3-13
Q4-13
Q1-14 May-14
0.00%
$0.50
14.00%
12.00%
$3.00
10.00%
8.00%
$2.50
6.00%
4.00%
2.00%
Q2-13
Q3-13
Q4-13
Q1-14 May-14
0.00%
Avg. Asking Rent
Q4-13
0.00%
Q1-14 May-14
Avg. Asking Rent
City
$0.60
1
Sector Amount Deals
Software $2315M 164
IT Services $566M 18
Consumer Products & Services $408M 12
Media & Entertainment $363M 39
Biotechnology $277M 27
Industrial/Energy $229M 18
Medical Devices and Equipment $201M 20
Computers and Peripherals $177M
4
Semiconductors
$90M
7
Telecommunications
$38M
5
MOST RECENT STATISTICS FROM PRICEWATERHOUSECOOPERS
STATISTICS AS OF 5/1/2014
Office Deals Completed 2014 YTD
Office Deals
Completed Year-to-Date 2014
0
40
60
80
71
65
3,000 SF - 5,000 SF
22
5,001 SF - 10,000 SF
10
10,001 SF - 20,000 SF
6
20,001 SF - 50,000 SF
50,001 SF & Above
0
Deal chart based on Leasing and User Sale Activity; excludes renewals
Market News
Prudential Realty Investors purchased Mission Towers I & II totaling
578,050 square feet in Santa Clara. Equity Office and SRI Mission
Towers II, LLC were the sellers.
Carlyle Group purchased a 123,529 square-foot building on Bascom
Avenue in Campbell. Bascom I, LLC was the seller.
Nest Labs leased 43,207 square feet at 1050 Page Mill Road in Palo
Alto. Sand Hill Properties is the landlord.
First American Title Company renewed their 30,455 square-foot lease
on N. 1st Street in San Jose. 1737 North 1st Street Corporation is the
landlord.
Gross Absorption as of May 1, 2014: 2,309,458 Square Feet
Gross Absorption as of May 1, 2013: 1,764,746 Square Feet
20
Less than 3,000
SANTA CLARA / SAN BENITO COUNTIES
Silicon Valley Q1 2014 Venture Capital Data
SILICON VALLEY DEALS YTD
100,001 SF & Above
SILICON VALLEY VENTURE CAPITAL
Q3-13
2.00%
Availability Available Avg. Ask.
Rate
SF
Rent (FS) 12.00%
North San Jose 25.62%
1,385,828
$2.81 10.00%
Deals Completed
SantaR&D
Clara
23.00%2014 YTD
2,504,760
$3.33
$0.55
Sunnyvale
8.11%
0
10
20
30 768,908
40
50 $3.90
60 8.00%
San Jose
17.59%
4,497,420
$2.53 6.00%
5,000 SF -$0.50
20,000 SF
56
Mountain View
7.00%
289,255
$6.19
19
Palo
7.86%
763,897
$5.39 4.00%
20,001 SF - 40,000
SF Alto
$0.45
Cupertino
4.81%
170,078
$4.59
13
40,001 SF - 60,000
SF
Fremont
13.78%
285,594
$1.83 2.00%
Milpitas 5
20.62%
229,226
$1.72 0.00%
60,001 SF -$0.40
80,000 SF
Q4-13 Q1-14 $3.43
May-14
WestQ4-12
ValleyQ1-13 Q2-13
8.12%Q3-13 910,291
2
Downtown
SJ
1,524,167
80,001 SF - 100,000
SF
Availability18.91%
Rate
Avg. Asking Rent$2.46
Silicon Valley
14.00% 10,142,358
$3.26
Dollars Per SF, NNN/Month
16.00%
Q1-13
Q2-13
4.00%
SILICON VALLEY OFFICE AVAILABILITY & RENTS
18.00%
Q4-12
Q1-13
6.00%
STATISTICS AS OF 5/1/2014
Warehouse
$3.50
Availability Rate
ent
May 2014
Availability Rate
Office
STATISTICS AS OF 5/1/2014
Q4-12
Avg. Asking Rent
SILICON VALLEY OFFICE MARKET: AVAILABILITY VS. RENTS
$2.00
Office
$0.60
Colliers International - Silicon Valley
Availability Rate
ent
8.00%
THE INSIDER
$1.00
Dollars Per SF, FS/Month
ent
$1.25
Unemployment Rate
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
6.3%
6.3%
6.3%
5.8%
6.3%
6.4%
6.4%
6.8%
7.2%
6.9%
6.3%
6.6%
7.4%
Job Gain/Loss
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
2,849
3,844
-2,851
4,967
2,921
-7,031
5,639
4,697
-2,818
19
3,399
4,543
108
Net Absorption as of May 1, 2014: 396,637 Square Feet
Net Absorption as of May 1, 2013: 422,554 Square Feet
Colliers is currently tracking 105 user requirements of 20,000 square feet and greater. 27 of these users require a minimum of 100,000 sq.ft
April 2014 Comparison: 99 users total, 22 required 100K+ sq.ft. May 2013 Comparison: 102 users total, 25 required 100K sq.ft.
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no
reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents.
© 2014 Colliers International. CA License No. 00490878 | Colliers International • 450 West Santa Clara Street • San Jose, CA 95113 • 408 282 3800 • www.colliers.com
THE INSIDER
Industrial
May 2014
Colliers International - Silicon Valley
SILICON VALLEY INDUSTRIAL MARKET: AVAILABILITY VS. RENTS
SILICON VALLEY INDUSTRIAL AVAILABILITY & RENTS
STATISTICS AS OF 5/1/2014
STATISTICS AS OF 5/1/2014
0%
0%
%
%
8.00%
6.00%
$0.70
4.00%
$0.60
2.00%
$0.50
Q4-12
Q1-13
Q2-13
Q3-13
SILICON VALLEY VENTURE CAPITAL
Availability Rate
.00%
Q4-13
Avg. Asking Rent
R&D Deals Completed
2014 YTD
Sector
Amount
20
30
Software
.00%
IT
Services
5,000 SF - 20,000 SF
.00%
Consumer
$0.55 Products & Services
19
.00% 20,001 SF - 40,000 SFMedia & Entertainment
.00%
Biotechnology
13
SF
$0.50
00% 40,001 SF - 60,000
Industrial/Energy
00% 60,001 SFMedical
5 and Equipment
- 80,000 SFDevices
00%
$0.45
Computers
and Peripherals
2
00% 80,001 SF - 100,000 SF
Semiconductors
00%
1
100,001 SF & $0.40
Above Telecommunications
$0.60 0
10
40
$2315M
$566M
$408M
$363M
$277M
$229M
$201M
$177M
$90M
$38M
Deals
50
164
18
12
39
27
18
20
4
7
5
Q1-13 Q2-13
Q3-13 Q4-13 Q1-14
MOSTQ4-12
RECENT STATISTICS
FROM PRICEWATERHOUSECOOPERS
Availability Rate
Office Deals Completed 2014 YTD
Market News
0
20
40
0.00%
Q1-14 May-14
WarehouseCapital Data
Silicon Valley Q1 2014 Venture
Dollars Per SF, NNN/Month
North San Jose
Santa Clara
Sunnyvale
San Jose
Mountain View
Morgan Hill
Gilroy
Fremont
Milpitas
Silicon Valley
10.00%
$0.80
60
56
0
10
0
4.00%60,001 SF - 80,000 SF
0
80,001 SF - 100,000 SF
2.00%
0
0.00% 100,001 SF & Above
0
30
Unemployment
Rate8
2
4
6
0
20,001 SF - 40,000 SF
Benchmark Electronics
renewed their 52,047 square-foot lease on
10
60,001 SF - 80,000 SF
Christy Street in Fremont. Christy Industrial Park, Inc. is the landlord.
6
80,001 SF - 100,000 SF
OnCore Manufacturing Services, Inc. leased 36,087 square feet at 41300
Boyce Road in
Fremont. Prologis is the landlord.
0
100,001 SF & Above
Apple leased 27,400 square feet at 504-540 Dado Street in San Jose.
Julia Emerson is the landlord.
Gross Absorption as of May 1, 2014: 907,395 Square Feet
Gross Absorption as of May 1, 2013: 1,257,525 Square Feet
20
40
50
Warehouse Deals Completed 2014 YTD
10,001 SF - 20,000 SF
50,001 SF & Above
51,935
417,473
25,780
12,550
17,800
177,870
35,951
907,395
60
70
Deal chart based on Leasing and User Sale Activity; excludes renewals
Screentech, Inc. renewed their 54,000 square-foot lease on South 10th
in SF
San Jose. Sequoia22Del Rey LLC & DiNapoli are the landlords.40,001 SF - 60,000 SF
5,001Street
SF - 10,000
20,001 SF - 50,000 SF
777,977
87,909
64,533
111,711
916,233
237,913
2,945,773
151,474
140,828
4
6.00%40,001 SF - 60,000 SF
80
65
205,823
3.51%
5.41%
2.91%
7.33%
9.83%
8.04%
4.97%
224,604
386,298
Gross Abs.
YTD
63
General
Electric renewed their 157,651 square-foot lease
71 on Little Orchard
Less than 3,000
5,000 SF - 20,000 SF
in San Jose. Muller Investment is the landlord.
3,000 SF - 5,000 SF
3.39%
4.45%
3.39%
5,000 SF - 20,000 SF
10.00%
Avg. Asking Rent
60
Available
SF
Industrial
DealsDeals
Completed
Year-to-Date
2014
Industrial
Completed
2014 YTD
12.00%
8.00%20,001 SF - 40,000 SF
May-14
Availability
Rate
STATISTICS AS OF 5/1/2014
SANTA CLARA / SAN BENITO COUNTIES
0%
City
12.00%
$0.90
SILICON VALLEY DEALS YTD
Dollars Per SF, NNN/Month
0%
Industrial
0
0
Mar 14
Feb 14
Jan 14
Dec 13
1Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
2
May
13
Apr 13
Mar 13
6.3%
6.3%
6.3%
5.8%
6.3%
6.4%
6.4%
6.8%
7.2%
6.9%
6.3%
6.6%
7.4%
10
Job12 Gain/Loss
14
16
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
2,849
14
3,844
-2,851
13
4,967
2,921
-7,031
5,639
4,697
-2,818
19
3,399
4,543
108
Net Absorption as of May 1, 2014: -38,446 Square Feet
Net Absorption as of May 1, 2013: 496,074 Square Feet
Colliers is currently tracking 105 user requirements of 20,000 square feet and greater. 27 of these users require a minimum of 100,000 sq.ft
April 2014 Comparison: 99 users total, 22 required 100K+ sq.ft. May 2013 Comparison: 102 users total, 25 required 100K sq.ft.
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no
reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents.
© 2014 Colliers International. CA License No. 00490878 | Colliers International • 450 West Santa Clara Street • San Jose, CA 95113 • 408 282 3800 • www.colliers.com
$0.80
Dollars Per SF, NNN/
%
%
%
%
%
8.00%
THE INSIDER
6.00%
$0.70
$0.50
Q4-12
Q1-13
Q2-13
Q3-13
0.00%
Avg. Asking Rent
STATISTICS AS OF 5/1/2014
STATISTICS AS OF 5/1/2014
$0.60
$0.55
R&D Deals Completed 2014 YTD
0
10
20
30
40
50
5,000 SF - 20,000 SF
56
$0.50
19
% 20,001 SF - 40,000 SF
$0.45
80,001 SF - 100,000 SF
SILICON VALLEY VENTURE CAPITAL
100,001 SF & Above
5
Q4-12
2
Q1-13
Q2-13
Availability Rate
Q3-13
Q4-13
Q1-14 May-14
North
San Jose
5.10% 2014 YTD
239,639
Industrial
Deals Completed
188,281
8.00%
Santa Clara
60
6.00%
0
10
20
MOST RECENT STATISTICS FROM PRICEWATERHOUSECOOPERS
53,481 70
50
164,464
063
4
San Jose
6.61%
1,098,361
447,077
0
Fremont
7.60%
518,240
73,267
Milpitas
0
7.54%
344,895
279,915
Gilroy
0
14.12%
499,323
7,782
Silicon
Valley
0
7.86%
2,940,405
888,965
20,001 SF - 40,000 SF
40,001 SF - 60,000 SF
0.00%
60,001 SF - 80,000 SF
80,001 SF - 100,000 SF
STATISTICS AS OF 5/1/2014
Warehouse Deals Completed 2014 YTD
Warehouse Deals Completed Year-to-Date 2014
0
2
4
6
8
10
12
1
40,001 SF - 60,000 SF
80,001 SF - 100,000 SF
100,001 SF & Above
16
13
20,001 SF - 40,000 SF
60,001 SF - 80,000 SF
14
14
5,000 SF - 20,000 SF
0
0
2
Deal chart based on Leasing and User Sale Activity; excludes renewals
Market News
DGA Services leased 142,783 square feet at 1065 Montague Expy in
Milpitas. Flemming Business Park LLC is the landlord.
Eagle Recycling subleased 120,000 square feet at 205 East Alma Street
in San Jose. Rock Tenn is the sublessor.
Interline Brands renewed their 103,140 square-foot lease on Brennan
Street in San Jose. Porter Estate is the landlord.
Cal Wine renewed their 97,000 square-foot lease on McLaughlin Avenue
in San Jose. DCT Industrial is the landlord.
Matos Towing leased 38,000 square feet at 681 Lenfest Road in San
Jose. Chen Yinen & Lee Co Chi are the landlords.
Gross Absorption as of May 1, 2014: 888,965 Square Feet
Gross Absorption as of May 1, 2013: 791,521 Square Feet
265,688
40
9.61%
100,001 SF & Above
80
8.35%
30
Sunnyvale
5,000 SF - 20,000 SF
2.00%
1
Sector Amount Deals
0
20
40
60
Software $2315M 164
Less than 3,000
IT Services $566M 18 71
Consumer Products & Services $408M 12
65
3,000 SF - 5,000 SF
Media & Entertainment $363M 39
22
Biotechnology
$277M 27
5,001 SF - 10,000 SF
Industrial/Energy $229M 18
10
10,001 SF - 20,000 SF
Medical Devices and Equipment $201M 20
and Peripherals $177M
4
6
20,001 SF - 50,000 Computers
SF
Semiconductors
$90M
7
50,001 SF & Above 0 Telecommunications
$38M
5
Gross Abs.
YTD
10.00%
Avg. Asking Rent
SiliconOffice
Valley
Q1Completed
2014 Venture
Deals
2014 YTDCapital Data
Available
SF
City
4.00%
13
40,001 SF - 60,000 SF
% 60,001 SF - 80,000 SF
$0.40
60
Availability
Rate
12.00%
SANTA CLARA / SAN BENITO COUNTIES
0%
Warehouse
SILICON VALLEY DEALS YTD
Dollars Per SF, NNN/Month
0%
%
Q1-14 May-14
SILICON VALLEY WAREHOUSE AVAILABILITY & RENTS
0%
%
Q4-13
SILICON VALLEY WAREHOUSE MARKET: AVAILABILITY VS. RENTS
0%
%
May 2014
2.00%
Colliers International
- Silicon Valley
Availability Rate
0%
Warehouse
4.00%
$0.60
Unemployment Rate
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
6.3%
6.3%
6.3%
5.8%
6.3%
6.4%
6.4%
6.8%
7.2%
6.9%
6.3%
6.6%
7.4%
Job Gain/Loss
Mar 14
Feb 14
Jan 14
Dec 13
Nov 13
Oct 13
Sep 13
Aug 13
Jul 13
Jun 13
May 13
Apr 13
Mar 13
2,849
3,844
-2,851
4,967
2,921
-7,031
5,639
4,697
-2,818
19
3,399
4,543
108
Net Absorption as of May 1, 2014: 404,318 Square Feet
Net Absorption as of May 1, 2013: 656,395 Square Feet
Colliers is currently tracking 105 user requirements of 20,000 square feet and greater. 27 of these users require a minimum of 100,000 sq.ft
April 2014 Comparison: 99 users total, 22 required 100K+ sq.ft. May 2013 Comparison: 102 users total, 25 required 100K sq.ft.
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no
reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents.
© 2014 Colliers International. CA License No. 00490878 | Colliers International • 450 West Santa Clara Street • San Jose, CA 95113 • 408 282 3800 • www.colliers.com
Insider May 2014_All Products.pdf (PDF, 572.21 KB)
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