Matrix Multifamily San Jose Report-March 2024 March 28, 2024

San Jose’s Upward Momentum

San Jose’s fundamentals remained mostly on the upswing, with rents up 0.1 percent on a T3 basis through January while the U.S. registered a fourth consecutive 0.2 percent slide. Occupancy rose 20 basis points Y-o-Y to 95.9 percent in January, well above the U.S.