Q1 2023 Silicon Valley Semiconductor Report

Total vacancy rates have hovered around 10.0% since Q1 2021.  Total availability rates have increased to 13.7%this quarter.  This was primarily due to sublease availability rising 70 basis points since Q4 2022.

Total Silicon Valley venture capital (VC) investments were $3B this quarter. VC funding directed to semiconductor companies dropped to only $45M this quarter, which recommends a significant decline from the $843M peak of Q1 2021.  The $45M of funding is also lower than the $240M of average funding during 2019.