Demand for quality space in Google-land is strong, and market rental rates now justify the costs of redeveloping obsolete industrial structures into higher-density modern offices, observes veteran Silicon Valley commercial broker Gregory M. Davies at CPS/Corfac Intl. in Santa Clara.
Planned commercial projects are taking advantage of the neighborhood's attractive transit service, including not only the VTA light-rail system but also Caltrain's Baby Bullet express service whizzing commuters from San Francisco in well under an hour, Davies adds.
This also brings up another point about San Jose. The office park sprawl there with all the tech companies is probably the worst I've ever seen. I don't get why our buddy Randal O'Toole calls San Jose a failure in Smart Growth when there is none. The land use around light rail is the worst in the country and never focused. Just junk buildings that should be destroyed and reoriented towards the streets and given a grid.
Check out the aerial below to see what it looks like. Tons of parking spaces and wasted land. Its amazing this system gets over 30,000 riders a day. The green and blue lines are the San Jose Light Rail. Looks like its going through a bunch of industrial warehouses, but they are just single use offices.