Tackling Issues like Affordability, Improving Infrastructure and Transportation, and Major Projects Impacting the Region

Silicon Valley was listed among tech hotspots in the CBRE Tech-30 Report, posting the third-highest rent growth and highest net absorption rate. Additionally, technical occupations across all industries in the San Francisco Bay Area grew 33.4 percent over the past five years. With the cost of rent and construction continuing to increase and vacancies at an all-time low, (despite 27 million square feet of office absorption,) the state of the Silicon Valley’s affordable housing continues to be in “crisis mode”.

How will we marginalize the gap, defining what is affordable for Bay Area current and future residents? How have the Silicon Valley residents’ and visitors’ needs change over time? What challenges have impacted development, and what are top developers doing despite the challenges?