Adobe City Guide 2019 - San Jose

MARKET FOCUS: San Jose, CA

Congratulations on your internship with Adobe! We are so excited you will be joining us soon. The Bay Area is an amazing and diverse community with tons of activities to do and places to see. There are so many perks to living in the heart of Silicon Valley – access to new people, culture, food and technology but with that comes the challenge of finding affordable housing. Rental home and apartment prices tend to be high in the Bay Area, so we recommend finding a roommate/housemate to split the cost of housing and utilities. Figure out where you want to live and get started on the search as early as you can. We have compiled some information together for you to help get you oriented with your internship location. Joining the Adobe Intern Facebook page is also a great way to network with future colleagues and search for a roommate. We wish you luck in your housing search! What to know about renting in San Jose San Jose is currently one of the most competitive housing markets in the country, and the lower end of the rental market is the most competitive. As of September 2018, the average rent for an apartment is $2962 which is a 4.86% increase from last year. Rental rates for one-bedroom apartments range from $1800-2900 a month and two-bedroom apartments from $2100-3200, on average. As you can imagine, many renters are looking to save as much money as possible on monthly housing costs, so when a quality studio or one-bedroom apartment pops up for rent, competition can be fierce! These units will likely not be remodeled but will be in good condition and well-maintained with a reserved, off-street parking space included, and maybe a small patio or balcony. They will often rent within a day or two of being listed. San Jose at a Glance CONSIDERATIONS FINDINGS COMMENTS Housing Availability Low Availability changes daily. Lowest vacancy during summer Tenant Paid Real Estate Fees Seldom If there is an agent fee, it is usually one to two months’ rent

Short-term rentals are available, but are typically twice the monthly rental price

Typical Lease Length

12 Months

Typical Security Deposit

1 to 1.5 Months

Cannot legally be more than three months’ rent

Early Termination Clauses

Limited

Negotiation of Lease Terms

Low

Extremely rare due to the tight rental market

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report

Housing Options TRAVELERS HAVEN

Travelers Haven is one of the largest and fastest-growing corporate housing companies in the country, specializing in affordable short-term accommodations for interns and other temporary stay residents. Service includes 24/7 support and a mobile-friendly dashboard, so occupants can easily access and manage their housing wherever they are. Each intern is paired with a dedicated account manager to better assist them in every step of the housing process. Click: Travelers Haven to create an account and access the housing dashboard. From there you can fill out a new housing request by entering the location in which you wish to rent and basic information about the property you’re looking for. After clicking submit, a dedicated account manager will call you within moments. Should you miss the call, they will also follow up with an email. BUNGALOW (INTERN HOUSING) Bungalow collaborates with Dwellworks to offer a compelling housing solution for Adobe interns. Bungalow delivers a community you’ll love to come home to, by offering private bedrooms in beautiful homes shared with other Adobe interns that are located close to the San Jose HQ, at an affordable cost (typically in the $1,000/month range). Bungalow offers fully furnished common areas, manages all utilities (including lightning-fast Wi-Fi), provides regular home cleaning, and offers monthly community events, all for a low monthly membership fee. Plus, Bungalow will accept your internship letter in place of U.S. credit history to make the process seamless. Two premium Bungalows will be available for move in May 1 just for Adobe interns. As they will be in limited supply, there will only be 8-12 rooms available, and they will be offered on a first come first serve basis. If you are interested, please email dwellworks@bungalow.com as soon as possible to be added to the list. Bungalow will be in touch soon to confirm. In early April, the specific Bungalow options including specific room options will be available for you to select from. CORPORATE LIVING All the hours in the classroom, at the library, behind the books…and you have made it, deservedly: you landed a big-time internship with Adobe. Congratulations! The last thing you need to be doing is stressing about finding a great apartment within budget for your summer stay. If you are looking for a seamless, turn-key housing solution, look no further. Corporate Living administers your housing from arrival to departure. This means no time-wasting apartment searches, no ugly surprises upon move-in, no ridiculous paperwork. You (and your family) will rest easy knowing you have secured a comfortable, convenient, and affordable place to live this summer, enabling you to focus on what is really important: your Adobe experience in an exciting new city. Did we mention our 24-hour move-in to move-out guest services contact? What is important to you is important to us, so if you need our help, give us a call, shoot us an email, or fill out our online form. Comprehensive total duty of care, across the board, all summer long. Have a friend you want to room with? Open to rooming with someone new and making new friends? We have got you covered there, too. Simply note your roommate preferences when you submit an inquiry and we will do our best to make it happen. The right room at the right rate with the right roommate…that is a lot of things going right. We are experienced housing professionals who manage your housing process and support you every single day of your internship. We ensure you have a place to live, not just a bed to sleep in. Corporate Living: this is what we do. For all the information you need to secure your summer housing today, please visit: Corporate Living ADDITIONAL RESOURCES Looking for a roommate? Click on the following link to connect with other Adobe interns in your area: Adobe Intern Facebook Group

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report

Popular Neighborhoods DOWNTOWN – HENSLEYDISTRICT (N. 2NDSTREET AT JULIANSTREET) Very walkable, easy access to bus lines and VTA tram line, shops and restaurants. Good proximity to San Pedro Square and Japantown. Good nightlife for young professionals. The SAP Center, home of the San Jose Sharks hockey team, as well as many concerts and events are located here. Downtown San Jose also has many museums, a theater and convention center, making the area desirable for active young professionals. A soccer stadium hosting the San Jose Earthquakes is also nearby. Good proximity to groceries: Trader Joes, Target, Costco and more. Access to Diridon Station for train lines to San Francisco, the East Bay and Central Valley connections. JAPANTOWN (JACKSON STREET AT 6TH STREET) & NORTHSIDE Bordering Downtown San Jose, the above mentioned details also apply to Japantown with the added bonus of a fantastic cultural area featuring Japanese markets and many wonderful restaurants such as a local favorite, Minato Japanese Restaurant . A seasonal farmers market is held here as well. Many new apartment communities have been built in the last few years with amenities appealing to young professionals. “Northside” borders Japantown and Downtown San Jose on the north side of E. Santa Clara Street. This is a mostly suburban area with single family homes, duplexes and some apartment communities. This area is a little farther away from Downtown, parts of this neighborhood would be considered walkable to Japantown, but not to San Pedro Square. Avoid living close to parks in this neighborhood due to the homeless encampments. WILLOW GLEN Located just outside of Downtown, Willow Glen is a desirable San Jose suburb. The area features a lovely town center with shops, restaurants and parks. This is a very family and pet friendly area with many residents out for a walk in the evening. While Willow Glen does not have the same nightlife feel as Downtown San Jose, some young professionals choose this area because of the availability of budget friendly apartments. The Lincoln Avenue area has been a favorite for many young professionals due to the abundance of bus stops and excellent nearby amenities. THE ALAMEDA Bordering Downtown San Jose and the Rose Garden neighborhood, The Alameda is an up-and-coming hot spot for young professionals. This area features newer, upscale, pet-friendly loft apartment communities. Very walkable with excellent proximity to a new Whole Foods market, cafes, restaurants as well as quick access to Coleman Shopping Center, with Trader Joes, Target, Marshall’s PetSmart, BJ’s Brewery , Panera Bread and more. SUNNYVALE Visitors and residents enjoy Sunnyvale’s beautiful, clean suburban setting, efficient, high-quality city services, low crime rate, quality schools and 18 prize- winning parks. Residents can drive or take public transportation within an hour to many recreational facilities. Full Circle Farm, encompassing 11 acres, is the largest community-based urban farm in Silicon Valley.

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report

Leasing a Property TIPS - In a competitive rental market, bring a completed rental application - including all necessary documentation - and a check for security deposit when visiting the property - Ask if the landlord offers any favorable terms for your employer - Come prepared with enough funds to pay for the first month of rent, plus the deposit amount. Deposit requirements vary, but can be equal to one-month rent (or more) - Be extra diligent when reviewing the lease from a private landlord. Unlike large apartment complexes, which generally have well established agreements, private landlords may be less experienced and may include unfavorable or unrealistic clauses - Ask a family member, friend, or colleague to come along with you on the move-in inspection to have an extra set of eyes BE THOROUGH Be sure to review the lease! - Rules about landlord access and your privacy - Any maintenance required of tenant - Payment of utilities (typically tenant-paid) BE PREPARED Many landlords and property management companies have very strict requirements for prospective tenants. Qualifying can at times be challenging and a bit frustrating. Most landlords will require some combination of these documents: - Identification - Letter of employment - Recent pay stub - Copy of your credit report

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report

RESOURCES TRANSPORTATION

Downtown San Jose is a very walkable area, but if you don't want to walk, the light rail runs right through the city with several stops throughout the area. Rated the safest metropolitan city in the US, travelling by foot in the evening is generally very safe. The city of San Jose offers an array of public transportation options to assist with daily commutes. A comprehensive network of buses, trains, and various taxi services make commuting throughout the city and its neighborhoods an easy task. The San Jose Department of Transportation offers both local and regional commuting options. Trains The Caltrain rail services links San Jose and San Francisco, with stops at Gilroy, various Peninsula cities, and the San Francisco International Airport. GoPass annual transit passes provide unlimited, free rides on Caltrain. For locals desiring to commute to Stockton, the Altamont Corridor Express (ACE), links the city with San Jose, while the Capitol Corridor serves the San Jose and Sacramento areas. Buses The Santa Clara Valley Transportation Authority (VTA) offers a vast bussing network connecting San Jose with dozens of other cities throughout the region. The VTA Trip planner tool will connect riders with bus ETAs, schedules, delays, and various updates. Commute Alternatives The Commuter Alternatives Program helps you find inexpensive, stress-free and environmentally-friendly ways to get to work. Some examples are listed below and may vary by your office location. - Up to $150 per month Commuter Checks for vanpools and transit systems. (Interns will be provided with a Commuter Check MasterCard with a Transit Value of $350 to be used during their internship.) - Secure bicycle parking - Emergency Ride Home Program - Shuttle connection between Adobe San Jose and the Downtown Train - Shuttle connection between Adobe San Francisco and the Civic Center BART station and the 4th & King Caltrain station - Shuttle van between Adobe Seattle campus and ferry/train station - Special rates for ZipCar membership - After you start your Adobe internship, you will also have access to the Adobe Fond program, which gives U.S. Adobe employees exclusive preferred pricing on over 850 products, services and experiences, including rental cars

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report

HOSPITALS AND EMERGENCY SERVICES Numerous hospitals and emergency care centers serve San Jose and its surrounding suburbs. From large, public clinics, to smaller establishments, care is never out of reach in San Jose. These medical centers include:

- Good Samaritan Hospital - Regional Medical Center

- O’Connor Hospital - El Camino Hospital Urgent Care Facilities For urgent, but not life-threatening, medical concerns that occur after-hours, or cannot wait for an appointment with a regular physician, urgent care centers can be found throughout the area: - Action Urgent Care Many urgent care centers are open from the early morning until late in the evening during the week and maintain weekend and holiday hours. Just as with a visit to the doctor, an urgent care center will always need your insurance information. Although the staff will file a claim to receive payment from your health insurance provider, a co-pay may apply at the time of treatment. SHOPPING Shopping in the Bay Area offers a fantastic overall experience, even if you are not buying anything. These malls and shopping centers are just some of what the Bay Area has to offer. Santana Row Shopping Center, San Jose www.santanarow.com An open-air, multi-use center featuring upscale shopping, dining, lodging, and entertainment. Its unique experience is reminiscent of Las Vegas. The main boulevard of Santana Row features store fronts styled in an elegant, European facade.

Westfield Valley Fair Mall www.westfield.com/valleyfair

Valley Fair, and the adjacent Santana Row, combine to be the focal point of San Jose shopping. Valley Fair is one of the largest and busiest indoor malls in the state. With over 225 stores to choose from, you will be able to find a store to meet almost any buying need.

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report

LOCAL ATTRACTIONS San Jose Museum of Art www.sjmusart.org

This museum presents art ranging from modern masterpieces to recent works by young, emerging artists. The museum’s permanent collection – 1,400 varied artworks from the 20th and 21st centuries – has a special focus on West Coast art, seen in a national and international context. The Tech Museum, San Jose www.thetech.org This museum works to engage people of all ages and backgrounds in science and technology experiences that educate, inform, provoke thought, and inspire action. Computer History Museum, Mountain View www.computerhistory.org This museum offers a wide variety of information, exhibits, research and a rich library of multimedia content garnered from some of the most influential people of the computing era. Symphony Silicon Valley www.symphonysiliconvalley.org The Symphony's artists, nationally recruited, locally resident, with an average performance tenure in San Jose of over 20 years, are recognized as among the best in the greater Bay Area. California’s Great America, Santa Clara www.cagreatamerica.com This adventure park offers entertainment and rides. SAP Center, San Jose www.sapcenter.com This venue hosts major sports and entertainment events, including the NHL San Jose Sharks. Avaya Stadium, Santa Clara www.sjearthquakes.com/avayastadium This venue hosts the Major League Soccer Earthquakes’ home games. Event Center at San Jose State University www.sjsu.edu/studentunion/eventcenter This center hosts many sports and entertainment events. NIGHTLIFE Feeling adventurous? Here are some recommendations from our local destination consultants. If you’re looking for a night out, www.sanjose.org/things-to-do/nightlife has options for just about anything you can think of. If food is what you’re after, head over to San Pedro Square Market where gourmet stalls abound. Grab a sushi roll or a buffalo burger, sit outside at one of the many picnic tables, and listen to some live music. Before you go anywhere you should try the Pho at Dakao . It’s as authentic as it gets, seeing as San Jose has the largest Vietnamese population outside of Vietnam. Or try Back A Yard Caribbean Grill for some amazing jerk chicken. You can also get the “Cereal Killer,” a fruity cereal-topped doughnut drizzled with icing at Psycho Donuts . DWELLWORKS DIRECT For access to additional resources or to learn more about our rental assistance programs, please visit us at www.dwellworksdirect.com .

© 2019 Dwellworks, LLC

San Jose, CA Market Focus Report