Central San Jose 2021 development activity is over 50% market rate housing

Development Activity by type

Central San Jose has a total of 108 major developments as reported on the 2021 development activity report. The largest growth is in market rate housing as it accounts for more than half the developments. There are 59 market rate housing sites in development, which is close to 6 times more than the amount of affordable housing sites in development. The second largest growth is coming in as 20 office sites. Many new business opportunities appear on the horizon. Still relatively little is being done for the ongoing housing crisis in the area, which is largely due to a lack in bond allocations for affordable housing development projects.