
South Bay Market Report December 2023
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, 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
Multifamily Heading into the final quarter of 2023, the San Francisco multifamily market is showing signs of stability after the volatility of recent years. Net absorption and deliveries are both
Multifamily Despite leading the region in population growth in recent years, the East Bay still offers more affordability than its cross-bay rivals of San Francisco and San Jose. For these
Multifamily As of the third quarter of 2023, the San Jose multifamily market remains somewhat subdued, as the continuing impact of high interest rates and economic uncertainty in the face