While one tech company foreclosed its office space in the South Bay, another now has plans to expand. TikTok announced it completed a new rental deal for a tech building in San Jose. The move reflects the real estate market slowly making its way back after the pandemic. It’s been four years since the pandemic began and a San Jose-based analyst says commercial real estate took a major hit. Still, there are a few bright spots that continue to thrive in Silicon Valley.
Staedler says downtown San Jose continues to have significant value, offering more space for lower costs than San Francisco. Last October, San Jose Mayor Matt Mahan also announced the city would explore incentives to attract more A.I. companies and potential commercial tenants. "They’re subleasing adjacent to themselves. Everybody needs more space when you’re getting more engineers, getting more marketing.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Late-Night Hosts React to Tik-Tok Ban: ‘The Thing That Brings Both Sides Together’Late-night hosts responded to potential ban on TikTok in the United States.
Source: RollingStone - 🏆 483. / 51 Read more »
After Silicon Valley Bank’s failure, its attempted rescuer charged $285 million in feesThe ability of the Federal Home Loan Bank to generate fees on emergency lending is sure to stoke debate in Washington over reforming a system designed to help finance mortgage lending.
Source: mercnews - 🏆 88. / 68 Read more »
Silicon Valley is pricing academics out of AI researchA growing chorus of academics say the sky-high cost of working with AI models is boxing researchers out of the field, compromising independent study of the technology.
Source: washingtonpost - 🏆 95. / 72 Read more »
Regional banks were all ‘guilty until proven innocent’ after Silicon Valley Bank, Citizens CEO saysWhen I set up an interview with Bruce Van Saun, head of Citizens Financial Group, the 14th largest bank in the US, for a piece that would mark the first anniversary of the collapse of Silicon Valley Bank I didn’t anticipate having such a fresh feeling of déjà vu.
Source: cnnbrk - 🏆 393. / 55 Read more »
“Dune: Part Two” gives sci-fi-obsessed Silicon Valley a reason to partyThe techies were all there to celebrate Silicon Valley’s newest obsession: “Dune: Part Two,” the latest movie adapted from the Frank Herbert-authored science-fiction saga, which helped inspire many…
Source: denverpost - 🏆 13. / 72 Read more »
The Billion-Dollar Unraveling Of The 'King' Of Silicon ValleyI'm an Oakland-based technology reporter and Senior Writer at Forbes. Contact me at semersonforbes.com or securely on Signal at 510-473-8820.
Source: ForbesTech - 🏆 318. / 59 Read more »