TECH CITIES 1.0

21 / 24

21
VACANCY CHANGE SINCE Q1 2016
Source: U.S. Bureau of Labor Statistics, Cushman & Wakefield
0.5%
-0.8%
-1.0%
-0.8%
-0.6%
-0.4%
-0.2%
0.0%
0.2%
0.4%
0.6%
Tech 25 All Other Markets The primary tech markets
– Silicon Valley, San
Francisco – have been so
red hot over the past six
years that any slowdown
would appear negative.
These markets will continue
to expand but in a more
sustainable fashion.
Tech 25 vs. U.S. Markets
Vacancy has actually ticked
up in the Tech 25 recently
Tech cities have outperformed... but tech markets are cooling for now
ABSORPTION SINCE Q1 2016
Change in occupancy has
weakened in the Tech 25
over the past year 26
30
24
25
26
27
28
29
30
31
Q1 2016 - Q1 2017, MSF
Millions of square feet
Tech All Other Markets