Q4 2020 Silicon Valley R and D Occupiers Guide

Silicon Valley R&D market rental rates experienced an increase quarter-over-quarter, from $2.39 to $2.43/SF/month. Coupled with increasing rental rates, vacancy decreased by 164 bps, proving strong fundamentals in the R&D market. Investment volume transacted $912M in Q4, recording the strongest quarter in 2020. Venture Capital funding continues to invest heavily in AI, Biotech, and Autonomous Vehicles in Q4.