Commercial real estate sales volume in the San Jose/South Bay region sank to its lowest level since the Great Recession in the first quarter of 2023. All sectors saw a reduction in activity, as persistently high interest rates and recessionary economic concerns spooked buyers.
Economic Woes Curtail Commercial Real Estate Investment Activity in San Jose
Total Number of Commercial Real Estate Sales Falls to Lowest Level Since 2011
By Nigel Hughes
CoStar Analytics
June 9, 2023 | 5:39 P.M.
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IN THIS ARTICLE
- Properties
- Griffis South Bay
501 Murphy Ranch Rd, Milpitas, CA
- Cherryhill Apartments
902 Remington Dr, Sunnyvale, CA