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2020 Q1 San Jose-Silicon Valley Market Research Report

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Downtown San Jose Hero

Silicon Valley Commercial Property Markets Resilient as Big Tech Pushes Ahead


The first quarter saw modest activity in Silicon Valley’s commercial property markets, once again driven by expansions of large tech companies. After nine consecutive years of occupancy gains, confidence in Silicon Valley commercial real estate remained spirited as we entered the new year and new decade. As a result, quarterly leasing activity amounted close to 4.8 million square feet, up 23.7 percent compared to Q1 2019. And, while net absorption was negative 353,452 square feet, occupancy losses for all tracked product types were half of what we saw in Q1 2019.


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2020 Q1 San Jose-Silicon Valley Market Research Report

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Steffen Kammerer

Regional Managing Director, Bay Area

Silicon Valley

Steffen Kammerer joined Colliers as the Silicon Valley Executive Managing Director in 2021 after a successful career in tenant representation at JLL. Based in San Jose and living on the Peninsula, Steffen has a unique understanding of the market and what it takes to be successful in the Bay Area. Steffen's approach to business is similar to life - people first. With the opportunity to further differentiate Colliers by being a be servant-based leader, Steffen was quick to recognize the value he could bring to the company. In his new role, Steffen is responsible for the strategic direction and performance of Colliers Silicon Valley, including leadership of Agency Leasing and Occupier Services.

After growing up in the Bay Area and marrying his high-school sweetheart, Steffen and his wife, Danielle have two beautiful, energetic boys that keep their hearts and schedules full outside of the office. With a focus on chasing joy in life and supporting those around him, Steffen’s leadership in the Bay Area is bound to take Colliers to the next level.

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