Thursday, August 2, 2007

San Jose Silicon Valley Commercial Real Estate Very Hot

Office vacancies are down significantly this year. Office rents are rising across the board, even in the larger spaces - last year the move was most significant in under 3,000 square foot spaces. Now larger users are demanding more new space.

Retail rents are very strong and have been for the last few years. Try locating a new restaurant in this Valley - it may be a difficult requirement to fulfill. Household incomes are very high and every retailer wants to be in the Valley.

Warehouse and industrial spaces are in very limited supply. I recently had a moving company looking to move themselves - finding a fenced yard near decent freeway access was a bear.

A lot of defunct industrial buildings are also going the way of mixed-use developments or shiny new townhouse complexes.

Where is the valley that I knew back in 1969 - when I was a tiny 1 year old?

REO - Bank Owned Homes - Foreclosures San Jose Area

This is a partial list of homes already foreclosed on and owned by a bank. If you want information on them, please give me a call or email.

1351 3RD ST, GILROY $710,000 3/2/2036
162 CORONADO AVENUE, SAN CARLOS $889,900 3/2;1990
311 S. 22ND STREET, SAN JOSE $446,500 2/1.5;684
5468 TYHURST WALKWAY #3,SAN JOSE $345,000 2/1;903
101 RANCHO DRIVE, SAN JOSE $344,900 2/1;822
1390 SADDLE RACK, #314, SAN JOSE $493,400 2/2;1258
3025 THREE SPRINGS, SAN JOSE $1,476,900 5/3.5;4553
40 SILCREEK DRIVE, SAN JOSE $459,900 2/2;1313
1940 TRADAN DRIVE, SAN JOSE $379,000 2/2;988
1798 PARKDALE WAY, SAN JOSE $593,000 4/2;1353
4970 GAZANIA DRIVE, SAN JOSE $594,900 3/2;1384
1815 OCALA AVENUE, SAN JOSE $559,900 3/2.5;1410
3266 LANTERN WAY, SAN JOSE $609,900 3/2;1152
1464-1466 POMPEY, SAN JOSE $738,900 5/2.5;2180
53 MILLAR AVE, SAN JOSE $559,900 2/1;1000
1382 S.WOLFE ROAD, SUNNYVALE $639,900 2/1;875