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Developer plans Silicon Valley office project as construction pipeline begins to thaw

Ellis Partners is one firm bullish on the region's demand signals
Ellis Partners plans to soon break ground on a two-building office project in Sunnyvale, California. (CoStar)
Ellis Partners plans to soon break ground on a two-building office project in Sunnyvale, California. (CoStar)
CoStar News
December 11, 2025 | 10:14 P.M.

Silicon Valley is still reckoning with record-high vacancy rates, but a recently approved office project spotlights developers' increasing optimism in the tech-concentrated region's gradual rebound.

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News | Developer plans Silicon Valley office project as construction pipeline begins to thaw