South Bay Market Report March 2023
Multifamily San Jose’s apartment market continues to move towards a more stabilized status after a period of high volatility. Demand bounced back rapidly after the pandemic, as renters made their
Multifamily San Jose’s apartment market continues to move towards a more stabilized status after a period of high volatility. Demand bounced back rapidly after the pandemic, as renters made their
Multifamily The San Francisco apartment market continues to make positive headway as the city slowly recovers from the pandemic-led drop in demand. The city has the lowest return to office
Multifamily Following record demand in 2021 that helped offset the negative effects experienced from the onset of the pandemic, leasing began to wane sharply by mid-2022. While renters should continue
Oakland officials have reached an exclusive development agreement for a $5 billion megaproject. The deal comes after years of negotiations between the Oakland city council and the Oakland A’s baseball
Multifamily The San Francisco apartment market continues to make positive headway as the city slowly recovers from the pandemic-led drop in demand. In 2020, as young mobile tech workers fled
Multifamily San Jose’s apartment market has largely recovered from the steep demand and rent losses that resulted from the onset of the pandemic. Renters have made their way back into
Multifamily While renters should continue to look to the relatively affordable East Bay and its desirable suburban cities to meet their housing needs, a wave of deliveries in the latter
At the pandemic’s start, tech companies moved to remote work as a part of social distancing protocols. Now, companies including Snap Inc. and Twitter are shifting back to office work.
Multifamily Renters have made their way back into the San Jose region in 2022 after a robust demand recovery in 2021, leading to the current vacancy rate of 5.5%, which
Multifamily While the national apartment market improved rapidly in 2021, recovery in San Francisco has been slower. The city has the lowest return to office metrics in the nation, suggesting