South Bay enjoys best three months of office leasing in post-COVID era
By George Avalos
Published on May 1, 2026.
The office market in the South Bay has experienced its best three months of post-COVID era leasing deals, driven by a resurgence driven by the tech industry. Tenants filled up 3.1 million square feet of office space in the first quarter of 2026, according to a survey by commercial real estate firm Newmark. The volume of office leasing activity is roughly the combined size of the Westfield Valley Fair and Westfield Oakridge malls in San Jose. The surge has allowed tenants to fully fill with tenants such as One Santana West in West San Jose and two office buildings at Cityline in downtown Sunnyvale. Despite the improvement, global events are expected to influence business activity, including the Iran war and rising energy prices.
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