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Vacancy Rates

Vacancy Rates

The Apartment Rent Ordinance requires that the amount of notice given to terminate the lease of tenants who have lived in their homes for more than 12-months be based partly on the existing rental apartment vacancy rate in San José. The Ordinance defines a "severe rental housing shortage" as a vacancy rate below 3%. 

If vacancy falls below 3%, notices to terminate tenancy must be extended from 60-days or 90-days, to 90-days or 120-days, respectively.

Rental Apartment Vacancy Rates
 
 Year  Quarter 1  Quarter 2  Quarter 3 Quarter 4 

 2016

 4.3%

 5.1%

4.3%

 

 2015

 3.3%

 4.3%

 5.3%

 4.7%

 2014

 5.9%

 4.0%

 4.2%

 4.3%