San Jose, California, has seen a dramatic reduction in multifamily construction projects breaking ground in 2023. After a record 2022, during which 20 market-rate projects started vertical construction in Silicon Valley, just one such project kicked off in the first six months of this year.
Developers Pull Back From Breaking Ground on Multifamily Construction Projects in San Jose
But Those Already Underway Will Ensure Plenty of New Supply
By Nigel Hughes
CoStar Analytics
August 15, 2023 | 5:00 P.M.
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IN THIS ARTICLE
- Properties
- The Fay
10 Reed St, San Jose, CA
- The Clara
2300 Calle De Luna, Santa Clara, CA
- Avelle
1001 Shoreline Blvd, Mountain View, CA
- Rowe at Pear Village
1265 Pear Ave, Mountain View, CA
- Aquino
486 San Carlos St, San Jose, CA