Newmark：2025年第二季度硅谷办公楼市场报告（英文版）

The Silicon Valley office market showed signs of recovery in Q2 2025, recording 1.2 million square feet of positive net absorption, the third consecutive quarter of growth following Q4’s positive 1.1 million SF, and the highest level of net absorption since Q4 2018. Overall vacancy recorded 18.5%, a 110-basis point decrease from 19.6% in the previous quarter. Tenant demand increased, with active tenants in the market rising 45.5% since Q1 2025. Positive signs are emerging, as demand levels ar