One area of San Jose that has been very slow to benefit from the economic recovery is Edenvale. This South San Jose tech cluster was booming in the .COM days, but has been plagued with high vacancy rates for years now. However, it looks like things are starting to turn around.
Campbell-based Barracuda Networks has decided to move their manufacturing, customer support, hardware, and design teams to a 50,000 SQFT building in Edenvale (5710 Fontanso Way). A total of 100 jobs will be moving to San Jose. All it takes is a few high-profile deals like this to spark interest from other companies.
Edenvale is not close to mass transit, but does have a lot going for it. For starters it is close to the bulk of San Jose's current residential neighborhoods. Second, for those that don't live in the immediate area, it is a super-convenient reverse commute. Lastly, companies get a ton of bang for their buck. The price per square foot for the large amounts of space available is among the lowest in Silicon Valley. Hopefully more companies will follow in Barracuda Networks' footsteps.
Source: SVBJ
No comments:
Post a Comment