The WPJ

San Jose

Exploding AI Growth Driving Up Data Center Use and Asset Prices in U.S.

According to CBRE's latest North American Data Center Trend Report, North American data center pricing approached record levels in 2023, influenced both by strong demand and power constraints that limit how much new capacity can be brought online.

Nonresidential Construction Spending in the U.S. Falls Sharply in January

According to the Associated Builders and Contractors analysis of data by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January 2024. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion.

California Home Sales Uptick 6 Percent Annually in January

Based on new data from the California Association of Realtors, the State of California existing home sales rebounded in January 2024 to the highest level in six months as mortgage rates pulled back sharply at the end of 2023.

Government Sector Claimed Largest Portion of 100 Biggest U.S. Office Leases Signed in 2023

According to a new report from CBRE, the largest 100 U.S. office leases signed in 2023 included more renewals of leases for already occupied space than new deals.

San Jose Property News












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