MR_SJC_17Q1_ALL_175x227New Construction Increases Vacant Supply

The first quarter came to a close and the Silicon Valley continued to thrive, despite many anticipating a slowdown to come in the new year. Unemployment in the Silicon Valley continues to remain at historic lows. According to the Bureau of Labor Statistics unemployment dipped to 3.6 percent in February, down from 3.7 percent the month prior. During the first quarter of 2017 Silicon Valley start-ups raked in more than $2.7 billion from VC investment across 113 deals. Healthcare took claim to the highest percentage of investments, collecting more than $1.1 billion, or just over 41 percent of all venture capital invested in the region during the three month period, according to data from PricewaterhouseCoopers.