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San Jose office leasing continued to grow in the first months of 2026

AI and tech companies expand in core Silicon Valley submarkets
CoStar Analytics
March 4, 2026 | 3:35 P.M.

San Jose’s office market is gaining momentum in early 2026 as tech and artificial intelligence firms drive a rebound in leasing activity following several years of volatility. New commitments from large corporate users are helping absorb excess space, setting the stage for falling vacancy heading into mid‑2026. This shift marks a notable improvement from the market softness that persisted through 2023 and early 2024.

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