Tuesday, December 13, 2011

San Jose Has Tightest Apartment Market in the US

This news isn't so surprising given the number of reports this past year about how hot our rental market is. San Jose has a ridiculously low apartment vacancy rate of 3.1%, along with an average asking rent of $1,506. In this situation the laws of supply and demand dictate that rental rates will be rising (I'm sorry renters). Average asking rents for 2012 are estimated to reach $1,615.

For more info, click here.

1 comment:

  1. Cool! Now let's build some apartment buildings downtown!