A big telecommunications networking and tech company has leased space in a downtown San Jose office highrise.
SAN JOSE — A big telecommunications networking and tech company has leased space in a prominent downtown San Jose office tower, according to public real estate records.
The Ciena leasing agreement represents a welcome counterpoint to the dreary landscape of vacant storefronts, empty office sites and underutilized restaurant spaces in downtown San Jose. Downtown San Jose’s office vacancy rate was 16.9% during the January-through-March first quarter of 2023, an improvement from the 17% office vacancy level in the October-through-December fourth quarter of 2022, Cresa, a commercial real estate firm, reported.
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