There was an excellent article on the front page of the Mercury News this morning regarding the boom in commercial real estate leasing, and the shortage of space for companies that are hiring in the South Bay. It further stated that developers are scrambling to build more R & D space.
I think this is just another indication that we are at the early stages and on the road to an economic and real estate recovery (at least here in the Silicon Valley area)
http://www.mercurynews.com/www.mercurynews.com/real-estate/ci_19923094#.TzQPzxpM2CM.email