Commercial Real Estate Report - San Jose, CA [Apartment]

Property Type

View market and submarket information on Apartment space in San Jose, California. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in San Jose, California.

Boundaries

Display:
Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

San Jose, CA - Entire Metro
Submarkets
Campbell/Los Gatos -50 bps
NE San Jose -50 bps
Central San Jose -40 bps
South San Jose -30 bps
Santa Clara -30 bps
Sunnyvale -20 bps
E San Jose -20 bps
Mtn View/Los Altos 0 bps
Cupertino/Saratoga 10 bps
 

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 6.2% 5.6% 5.5% 5.9%
Median 6.0% 5.5% 5.2% 5.6%
12 Month Rolling 5.8% 5.7% 5.8% 6.1%

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
South San Jose 73056 A $2,012
NE San Jose 23978 BC $1,514
NE San Jose 42200 A $1,915
NE San Jose 71139 A $2,333
Central San Jose 20612 BC $1,573
Campbell/Los Gatos 15823 BC $1,146
Campbell/Los Gatos 27772 BC $1,725
Central San Jose 46569 BC $1,378
Santa Clara 57957 BC $1,600
Central San Jose 23527 BC $1,694

Change From Previous Quarter

Market Rent Vac Inv
San Jose 0.1% -20 bps 0.0%
West Region 0.2% -20 bps 0.0%
United States 0.2% -10 bps 0.0%

Metro vs. Region -0.1% 0 bps 0.0%
Metro vs. US -0.1% -10 bps 0.0%

Latest New Construction Updates

National Apartment Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Apartment Rankings (Q1 2013)

Based on 275 U.S. Markets
Value:
26. Syracuse, NY 2.4%
27. Bloomington, IN 2.5%
28. Eugene, OR 2.5%
29. Lincoln, NE 2.5%
30. Salem, OR 2.5%
31. San Jose, CA 2.5%
32. Santa Barbara, CA 2.5%
33. Des Moines, IA 2.6%
34. Bakersfield, CA 2.7%
35. Grand Rapids, MI 2.7%
36. Medford/Klamath Falls, OR 2.7%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
San Jose -2.3% 373 bps 1.6%
West Region 0.3% 419 bps 0.7%
United States 0.9% 485 bps 1.0%

Metro vs. Region -2.6% -46 bps 0.8%
Metro vs. US -3.2% -112 bps 0.6%