July 15, 2026
Matrix Multifamily San Jose Report-July 2026
San Jose regains strength
After 2025-s ended sluggishly, the 2026 spring leasing season revitalized the market’s fundamentals, with advertised asking rents up 0.8 percent on a T3 basis through May, to $3,414, 50 bps ahead of the U.S. average. Following two solid years of supply expansion, development moderated, with just 283 units coming online in the first five months.
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