San Jose office leasing reaches its highest level in years

San Jose's office market continued its recovery in the second quarter of 2026, posting its strongest quarterly leasing volume in several years as technology companies expanded across some of Silicon Valley's most sought-after office campuses. Total leasing volume reached 3.4 million square feet in the second quarter, up from 2.5 million square feet a year earlier and slightly above the first quarter of 2026. The performance marks a significant rebound from the subdued leasing environment that characterized much of 2023 and 2024.