{"id":1004155726,"date":"2016-10-17T21:37:59","date_gmt":"2016-10-18T05:37:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155726"},"modified":"2025-02-26T23:34:26","modified_gmt":"2025-02-27T07:34:26","slug":"yardi-matrix-priced-out-in-san-jose","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/","title":{"rendered":"Yardi Matrix: Priced Out in San Jose?"},"content":{"rendered":"<div id=\"attachment_1004155420\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004155420\" data-attachment-id=\"1004155420\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/sanjose_metro_2016_i_rent\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg\" data-orig-size=\"1000,431\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"SanJose_Metro_2016_I_rent\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg?w=1000\" class=\"wp-image-1004155420 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg\" alt=\"Click on image to enlarge.\" width=\"300\" height=\"129\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg?resize=300,129 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/SanJose_Metro_2016_I_rent.jpg?resize=768,331 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004155420\" class=\"wp-caption-text\">Click on image to enlarge.<\/p><\/div>\n<p>San Jose is at the heart of the most dynamic tech market in the world, and its real estate market lives and dies with the IT world. Solid employment over the past half decade has pushed the area\u2019s multifamily market to new highs, as rents have increased to the point where they are pricing out even the well-paid, highly skilled workforce that is the multifamily industry\u2019s prime target.<\/p>\n<p>The information and professional and business services sectors are attracting workers to the area, prompting the need for a very dynamic market. Most major companies are in the process of full expansion, with Facebook recently completing a new campus, Apple edging closer to finishing its futuristic Apple Campus 2, and Google continuing to expand in Moutain View. Meanwhile, the upcoming expansion of the Bay Area Rapid Transit system has prompted investors and developers to direct attention to Milpitas.<\/p>\n<p>With rents above the $2,600 mark and new inventory focused on the luxury segment, residents are being priced out of Silicon Valley. However, consistent employment growth and the ability to attract some of the strongest intellectual capital in the world are keeping demand at very high levels and vacancy rates below 4 percent. A 37,000-unit development pipeline is likely to moderate rent growth in the coming years, although absorption will remain very high. We expect rent growth to continue to decelerate throughout the year.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/FileID\/122?signup=false\" target=\"_blank\" rel=\"noopener\">Read the full report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As rental rates surpass the $2,600 mark and new inventory is focused on the luxury segment, residents are being priced out of Silicon Valley.<\/p>\n","protected":false},"author":192,"featured_media":1004155254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,21742,37795,1609,15],"tags":[],"class_list":["post-1004155726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-latest","category-rc-occupancy","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Yardi Matrix: Priced Out in San Jose? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi Matrix: Priced Out in San Jose?\" \/>\n<meta property=\"og:description\" content=\"As rental rates surpass the $2,600 mark and new inventory is focused on the luxury segment, residents are being priced out of Silicon Valley.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-18T05:37:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T07:34:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Yardi Matrix: Priced Out in San Jose?\",\"datePublished\":\"2016-10-18T05:37:59+00:00\",\"dateModified\":\"2025-02-27T07:34:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/\"},\"wordCount\":252,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/MatrixMetros_SanJose_800x620.jpg\",\"articleSection\":[\"Absorption\",\"News\",\"Occupancy\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/\",\"name\":\"Yardi Matrix: Priced Out in San Jose? - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/MatrixMetros_SanJose_800x620.jpg\",\"datePublished\":\"2016-10-18T05:37:59+00:00\",\"dateModified\":\"2025-02-27T07:34:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/MatrixMetros_SanJose_800x620.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/MatrixMetros_SanJose_800x620.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-matrix-priced-out-in-san-jose\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yardi Matrix: Priced Out in San Jose?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\",\"name\":\"Ioana Neamt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"caption\":\"Ioana Neamt\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/ioana-neamtyardi-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yardi Matrix: Priced Out in San Jose? - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/","og_locale":"en_US","og_type":"article","og_title":"Yardi Matrix: Priced Out in San Jose?","og_description":"As rental rates surpass the $2,600 mark and new inventory is focused on the luxury segment, residents are being priced out of Silicon Valley.","og_url":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-10-18T05:37:59+00:00","article_modified_time":"2025-02-27T07:34:26+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg","type":"image\/jpeg"}],"author":"Ioana Neamt","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/"},"author":{"name":"Ioana Neamt","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16"},"headline":"Yardi Matrix: Priced Out in San Jose?","datePublished":"2016-10-18T05:37:59+00:00","dateModified":"2025-02-27T07:34:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/"},"wordCount":252,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg","articleSection":["Absorption","News","Occupancy","San Francisco","West"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/","url":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/","name":"Yardi Matrix: Priced Out in San Jose? - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg","datePublished":"2016-10-18T05:37:59+00:00","dateModified":"2025-02-27T07:34:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-priced-out-in-san-jose\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Yardi Matrix: Priced Out in San Jose?"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16","name":"Ioana Neamt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","caption":"Ioana Neamt"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/ioana-neamtyardi-com\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/MatrixMetros_SanJose_800x620.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004155726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/192"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004155726"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004155726\/revisions"}],"predecessor-version":[{"id":1004619662,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004155726\/revisions\/1004619662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004155254"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004155726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004155726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004155726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}