Tuesday, January 11, 2011

San Jose seen as #1 US Rental Market

There's an interesting article in the San Jose Business Journal saying rental pricing is expected to go up in 2011, and San Jose is expected to be the "best performing" for the year. By best performing, they means rents will likely go up the highest out of all markets in the US. San Jose currently has 97.1% rental occupancy and that is forecasted to rise to 97.7% in 2011. That in turn is expected to drive rents up 9.6% this year. Sounds like it's a good time to put up some shiny new apartment buildings. Click here to read the full article.

BTW, happy 1/11/11 day.

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