SILICON VALLEY, CA-In talking to sources about different ways to track the real estate market here, we came across Jones Lang LaSalle’s recent weather map, which I found quite unique. According to Andy Poppink, managing director in Jones Lang LaSalle‘s Silicon Valley office, the firm uses the weather map “as a way to quickly depict the current real estate climate and track trends.”
Poppink notes that “As often is the case with our real estate cycles this most recent heat wave started with a high pressure zone in Palo Alto and Mountain View then pushed south into Sunnyvale and Santa Clara.
According to JLL research manager, Amber Schiada, “This map is a unique way we highlight submarket trends, taking into account demand, supply and asking rents for available space and graphically representing these trends as temperatures.”
See graph below for more.
To hear more about Silicon Valley’s growth, see this recent article on GlobeSt.com, which talks about how Silicon Valley’s office and research leasing and development sectors may be even more active in this year than in 2012, according to a report this week from Colliers International.