Matrix Multifamily San Jose Report-July 2025 July 30, 2025

San Jose Rents Recover, Supply Slows

Advertised asking rents in San Jose were up 0.6 percent on a T3 basis through May, to an average of $3,259, outpacing the nation by 30 bps. Supply growth returned closer to historic averages, with 1,597 units coming online in the first five months.