Rents down, interest rates steady

Here we are in our fifth straight year of double digit rent growth in the Silicon Valley. As was inevitable, the rents have finally stabilized and in many cases, dropped by as much as 15% in a recent, late summer correction. With a background of a soft stock market and steady interest rates, it reminds us that this recovery is tenuous and that we should be careful not to be too bullish in this fragile world economy.

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