Silicon Valley assessments grow another $30 billion

  • Silicon Valley reached $419 billion in property and business personal property assessments by January 2016, according to the Santa Clara County Assessor.
  • Apple’s new campus accounted for $700 million in new construction and has an assessed value of $1.6 billion.
  • Santa Clara County rents have risen 45 percent in the last four years, aiding an average monthly one-bedroom rent of $2,436 across the San Jose metro.

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The tech mecca of the nation is having one of the strongest recoveries since the recession. Silicon Valley reached $419 billion in property and business personal property assessments by the beginning of 2016, according to the Santa Clara County Assessor.