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Apartment rents in San Jose continue to rise as the construction pipeline diminishes

Falling vacancy rate raises prospect of a prolonged period of rent growth
CoStar Analytics
July 10, 2025 | 7:42 P.M.

As in many other real estate markets, the past five years for San Jose, California, multifamily have been volatile, with most demand and supply metrics swinging from high to low and back again.

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