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Silicon Valley State of the Market and Opportunity Zones

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Silicon Valley State of the Market and Opportunity Zones

OZs, Tech Migration, & The Market's Growth Trajectory

THIS EVENT ENDED ON February 20th, 2019

Presented by

Urban Catalyst

What You'll Learn

1. What effect – positive or otherwise – will Google’s new campus and employee population have on the city of San Jose?  

2. What geographic areas have been designated viable for Opportunity Zone development?

3. What are the most notable developments – from hotels to office space, airport renovations and TOD – under construction across the market and what commonalities do they all share?

4. Does the “boom” San Jose is experiencing signal that a “bust” is too follow or can the growth across sector be sustained?

5. What initiatives are underway by the city, developers, and nonprofits to combat the housing crisis and increase the supply of affordable housing units on the market?

Speakers

  • More Speakers to be Announced

PHOTOS

Agenda

Time Activity
7:30 AM - 8:30 AM
Coffee, Breakfast, & Networking
8:30 AM - 8:45 AM
Keynote: San Jose Mayor Sam Liccardo
8:45 AM - 9:05 AM
Fireside Chat: Affordable Housing
A discussion surrounding the necessity of below market rate housing across Santa Clara County
9:05 AM - 9:50 AM
Opportunity Zones & P3s in The Valley
What the legislation means for investment and development in San Jose
9:50 AM - 10:00 AM
Bay Area Opportunity Zone Analysis
10:00 AM - 10:45 AM
Silicon Valley State of the Market
The multifamily boom, state of CRE, & notable new developments
10:45 AM - 11:30 AM
More Coffee!
Coffee, Breakfast, & Networking
7:30 AM - 8:30 AM
Keynote: San Jose Mayor Sam Liccardo
8:30 AM - 8:45 AM
Fireside Chat: Affordable Housing
8:45 AM - 9:05 AM
A discussion surrounding the necessity of below market rate housing across Santa Clara County
Opportunity Zones & P3s in The Valley
9:05 AM - 9:50 AM
What the legislation means for investment and development in San Jose
Bay Area Opportunity Zone Analysis
9:50 AM - 10:00 AM
Silicon Valley State of the Market
10:00 AM - 10:45 AM
The multifamily boom, state of CRE, & notable new developments
More Coffee!
10:45 AM - 11:30 AM

Venue/Parking

Il Fornaio at The Westin San Jose
302 South Market Street
San Jose, CA 95113

Ballroom: Grand Ballroom & Atrium Room, Lobby Level

Parking Information:
Valet $30.00 flat rate
*Based on Availability*

Self-Parking
Convention Center: $1 per 20 minutes / $20 max.
South Hall (South Market & Viola Streets) $7.00 flat rate
*Pricing Subject to Change*

Get Directions

Why This Matters

Silicon Valley is in the midst of a rather unprecedented development, investment, and (tech employee) migration boom. 
 
Year over year, median home prices have risen nearly 25 percent to $1.1 million. Rent is exhibiting a similar trajectory. As of June 2018, tenants paid an average of just under $3,000 a month – 4 percent more than they did one year prior.
 
A Yardi Matrix report in July 2018 cited 9,800 units under construction with another 46,000 in planning and permitting. In the office space, Jay Paul Co.’s 1.8 million-sq.-ft. Moffett Towers II and The Irvine Company’s 1.1 million-sq.-ft. Pathline Peery Park came online and are fully leased to companies such as Facebook and Amazon.
 
With regards to migration, Google – and their plans to bring 15,000 to 20,000 employees into the city – is continuing to move forward with their future one million sq. ft. Google Campus.
 
While the development boom can in large part be credited to tech giants in Silicon Valley, the next wave of investments will likely be the result of Opportunity Zone development, stemming from 2017’s Tax Cuts and Jobs Act.
 
In a report published on its website, Fundrise identified San Jose as a Top 10 Metropolitan Area for OZ growth potential (along with other California cities Los Angeles, Oakland, and San Diego). 
 
Investors and developers alike can expect increased demand for walkable communities, myriad housing options, transit oriented development, and urban infill as the population rises and market size grows. 
 
Join us as we dive deep into Silicon Valley’s opportunities in 2019 and beyond.