Matrix Multifamily San Jose Report-Fall 2021 December 31, 2021

San Jose Awaits Big Tech’s Return

San Jose rents rose 1.2% on a trailing three-month basis through October, to $2,816, sustained primarily by demand for Lifestyle units. That demand also boosted occupancy and supply. The employment market rose 2.5% in the 12 months ending in August, the second consecutive month of expansion.