Silicon Valley’s Tech Presence Has Fueled Recovery

Like the rest of the country, industrial and multifamily assets are in the most demand. In 2021, industrial occupancy gains reached 2 million square feet. According to the report, it was the fastest-growing sector in the market last year. Recent deals include Bridge Industrial’s completion of Bridge Point Silicon Valley — a 388,240-square foot state-of-the-art industrial facility in Milpitas, CA located on 34.5 acres. Bridge purchased the site in 2019 and was able to secure a long-term lease agreement with a major e-commerce company prior to groundbreaking. The development began in spring 2020.