San Jose 2018 Effective Rent Index

TRANSIT VILLAGE APPEARS TO BE A MARKET MOVER

Takeaway

Negligible space options and spiking rent in Mountain View, Sunnyvale and Menlo Park prompted more tenants to consider Downtown San Jose. Plans for major developments surrounding Didiron Station have given companies an even bigger push. In turn, landlords achieved the sharpest increase in effective rent during this cycle. Tenants will encounter additional decreases in concession packages in 2018 as occupancy levels remain at their highest level in years.

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