December 25, 2024

Matrix Multifamily San Jose Report-December 2024

San Jose’s Mixed Start to Q4

San Jose’s advertised asking rents were down 0.2 percent on a T3 basis through October, to $3,171, 10 bps below the U.S. figure. As development slowed, occupancy grew 50 bps YoY, to 96.4%.

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