Newmark：2025年第四季度南半岛研发市场报告（英文版）

The South Peninsula R&D market continued to soften in the fourth quarter, recording –342,225 square feet of negative net absorption. This negative net absorption was primarily caused by 255,792 feet of vacant space being introduced in the Mountain View – Shoreline submarket. This project is known as the “Shoreline Park North Campus” in Mountain View. Vacancy increased 4.0 percentage points over the course of 2025, totaling –950,503 square feet of negative absorption for the year. The four