The San Jose multifamily market entered 2026 with mixed performance, but the metro continues to benefit from solid long-term fundamentals. Advertised asking rents ticked down 0.1%, on a trailing three-month basis through January, to $3,297, marking an improvement over the last two months of 2025. Silicon Valley occupancy in stabilized assets remained solid, at 96.5% as of December 2025, two full percentage points above the national average, according to the U.S. multifamily market report<\/strong><\/a>.<\/p>\n