South Bay Market Report Q1 2024
Multifamily In the first quarter of 2024, San Jose’s multifamily market is in good shape. Demand has certainly fallen since the record peak of 2021-2022, when annual absorption peaked at
Multifamily In the first quarter of 2024, San Jose’s multifamily market is in good shape. Demand has certainly fallen since the record peak of 2021-2022, when annual absorption peaked at
Multifamily In the first quarter of 2024, the San Francisco multifamily market is continuing the steady improvement of the past three years. Over the longer term, the apartment market in
Multifamily Most areas of the region had reclaimed pre-pandemic rent levels, but year-over-year growth of-1.1% has stalled after a recent five-year peak of 5.4%. Submarkets in more-densely populated urban areas
Multifamily Heading towards the end of 2023, demand in San Jose’s multifamily market is softening, as evidenced by falling totals of net absorption in both the second and third quarters.
Multifamily Heading towards the end of 2023, the San Francisco multifamily market is showing signs of a cyclical slowdown in demand after the steady improvement of the past two years.
Multifamily Most areas of the East Bay have reclaimed prepandemic rent levels, but year-over-year growth is now -1.0%, showing visible erosion after a recent five-year peak of 5.5%. Submarkets in
Multifamily Hybrid working is set to remain a prevalent trend for Silicon Valley office workers. Most employees will likely be required to be in an office at least a few
Multifamily Positive future absorption is projected for the metro market as demand exceeds the pace of new deliveries, but the rate of improvement in areas close to downtown San Francisco
Multifamily Deal flow and investment outside of a few market-moving transactions have slowed thus far in 2023, but the trend is likely not solely due to fundamentals, and certain deals
Multifamily Heading into the final quarter of 2023, demand in San Jose’s multifamily market is still robust, with above-average levels of absorption and low vacancy. Concerns from earlier in the