{"id":9196,"date":"2025-04-15T07:19:00","date_gmt":"2025-04-15T07:19:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9196"},"modified":"2025-08-07T07:29:23","modified_gmt":"2025-08-07T07:29:23","slug":"san-jose-multifamily-market-report-march-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-jose-multifamily-market-report-march-2025\/","title":{"rendered":"San Jose Multifamily Market Report \u2013 March 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/san-jose-multifamily-market-report\/\">San Jose Multifamily Market Report<\/a><\/strong><\/p>\n\n\n<hr \/>\n<h2>Rents Still On Downward Trend, Supply Strong<\/h2>\n<p>San Jose\u2019s multifamily market started the new year with mixed performance. On one hand, advertised asking rents were down 0.3% on a trailing three-month basis through January, to $3,145. This was 20 basis points below the U.S. figure and marked the fourth consecutive month of contractions, according to the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>. On the other hand, the occupancy rate in stabilized assets grew 40 basis points, to 96.4% as of January, while the national figure slid 10 basis points, to 94.5%. Year-over-year rent growth stood at 1.8% through January, placing San Jose above most metros tracked by Yardi Matrix.<\/p>\n<p><iframe id=\"datawrapper-chart-7siVk\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Jose vs. National Rent Growth   \" src=\"https:\/\/datawrapper.dwcdn.net\/7siVk\/2\/\" height=\"336\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Employment growth stood at 0.5% year-over-year through November, 80 basis points below the U.S. figure, according to data from\u00a0the Bureau of Labor Statistics. Over the 12-month period ending in November, San Jose added 5,900 net jobs. Education and health services led growth, up 12,300 positions, while four sectors recorded a combined loss of 14,700 jobs, with information taking the hardest hit (-5,700 jobs).<\/p>\n<p><iframe id=\"datawrapper-chart-5Xanr\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Jose Employment Share by Sector   \" src=\"https:\/\/datawrapper.dwcdn.net\/5Xanr\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Meanwhile, supply dynamics remained stable in San Jose. The metro added 4,592 units, or 3.2% of total stock, in 2024, marking the second-best year for deliveries in the past eight years. A total of 6,524 units were under construction in January, along with an<br \/>additional 53,000 units in the planning and permitting stages. Meanwhile, investment activity signaled a slight recovery, with $1 billion in assets changing hands last year<\/p>\n<p>Read the full Yardi Matrix San Jose Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6961-MatrixMultifamilySanJoseReport-March2025\" rel=\"\"><strong>March 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents Still On Downward Trend, Supply Strong San Jose\u2019s multifamily market started the new year with mixed performance. On one hand, advertised asking rents were down 0.3% on a trailing three-month basis through January, to $3,145. This was 20 basis points below the U.S. figure and marked the fourth consecutive month of contractions, according to [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,77],"class_list":["post-9196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-san-jose"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Jose Multifamily Market Report \u2013 March 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The 0.3 percent decrease on a T3 basis through January, to $3,145, was 20 bps more than the U.S. rate\u2019s fall, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/san-jose-multifamily-market-report-march-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Jose Multifamily Market Report \u2013 March 2025\" \/>\n<meta property=\"og:description\" content=\"The 0.3 percent decrease on a T3 basis through January, to $3,145, was 20 bps more than the U.S. rate\u2019s fall, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-jose-multifamily-market-report-march-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T07:19:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-07T07:29:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/San-Jose-iStock-1576016419-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tudor Scolca-Seu\u0219an\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Jose Multifamily Market Report \u2013 March 2025 - 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