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2020 Q2 San Jose-Silicon Valley Market Research Report

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Downtown San Jose Hero

Silicon Valley Absorption Ebbs Amid Shelter-in-Place

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Silicon Valley commercial property markets continued to be battered by the COVID-19 public health crisis and the consequent shelter-in-place order, which remained in effect for the entirely of Q2 2020. For the second consecutive quarter net absorption was negative. Every tracked product type experienced negative net absorption with occupancy losses totaling 2.1 million square feet in Q2 alone and roughly 2.5 million square feet year to date. Silicon Valley commercial markets have not witnessed such extraordinary oscillations since the Great Recession.

 

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2020 Q2 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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