Jan 2012 Real Estate Survey for Silicon Valley, San Francisco and the East bay

Silicon Valley is not only the fastest growing part of California, it may be the fastest growing part of the U.S. In 2010 it grew at a 12% rate with technology driving the recovery. We see optimism and exuberance in our Survey and we see the beginnings of new office and industrial space construction.
The Survey finds a tightening over the last year being driven by software and social media companies. There is optimism: while there is no new construction, there is an increase in remodeling.
The East Bay is seeing slower recovery than other parts of the Bay Area. The finance industry has contracted in the East Bay affecting the demand for office space.