Analysis

The pandemic is driving this trend but also our reaction to the pandemic.

Demand is now just 9% below pre-pandemic levels.

Prospective tenants are looking to get more square footage or more amenities for the same price.

Unfortunately the future is murky when it comes to the number and type of new jobs that will be created.

People are returning to the city, but they still crave space.

The top areas had 2.5 "everyday splurge" chain stores for every 1,000 people compared with 2.1 for the broader list of 300.

Research from Marcus & Millichap predicts strong retail rent growth despite a rising vacancy rate in San Jose.

Despite its ongoing struggles, the office sector's rent collection was higher in Q1 than in other points over the last year.