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
NE San Jose -50 bps
Campbell/Los Gatos -50 bps
Central San Jose -40 bps
South San Jose -30 bps
Santa Clara -30 bps
E San Jose -20 bps
Sunnyvale -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
NE San Jose 15529 BC $1,554
NE San Jose 18605 BC $900
E San Jose 15880 BC $1,444
NE San Jose 53967 A $1,956
South San Jose 73585 A $1,986
NE San Jose 20670 BC $1,374
Central San Jose 37291 A $0
Central San Jose 02740 A $0
Central San Jose 20661 BC $1,675
South San Jose 10974 BC $1,211

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 0.1% -10 bps 0.1%

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