700 Santana Row 700 Santana Row is a 284,000-square-foot class-A spec office project opening late next year (credit: WRNS).

SAN JOSE—San Jose leads the Silicon Valley office market for the fifth consecutive quarter, according to the latest market report from Newmark Cornish & Carey, a unit of Newmark Knight Frank. The Silicon Valley office market showed a continued trend toward a more balanced market as rents remain flat so far in 2017 and availability increased, the report indicates.