While San Jose’s average $2,503 rent was lower than the county or cities like Sunnyvale and Mountain View, the rate of increase outpaced its peers. Rent rose 4 percent in the Bay Area’s largest city over the last year, compared to 3 percent in Mountain View and 1.8 in Sunnyvale. (See infographic at the bottom of this article to see more details about rents in specific cities.)
Sourced through Scoop.it from: www.bizjournals.com
Hard to predict a market leveling off by stats in July. The survey also only included rental units 50 or more. The anecdotal numbers do not seem to be leveling off for single family homes or condo/townhome rentals.