March 24, 2026

Matrix Multifamily San Jose Report-March 2026

San Jose’s mixed fundamentals

San Jose advertised asking rents ticked down 0.1 percent on a T3 basis through January, to $3,297, just 10 bps ahead of the U.S., marking the fourth month of contractions for the metro. Investment transactions, on the other hand, hit a high of $2 billion last year.

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