The 10 most competitive rental markets in America
The Silicon Valley area had a competitive score of 80.9, making it the tenth hottest rental market in the country this year. Silicon Valley includes the cities of San Jose, Menlo Park, Palo Alto, Mountain View, Cupertino, Santa Clara, Redwood City and Sunnyvale. These are the stats:
- 35 vacant days, on average.
- 95.5% occupancy rate.
- 12 prospective renters per unit.
- 54.6% lease renewal rate.
- 1.84% share of new units.
