Still Waiting for Rent Traction in San Diego
While San Diego’s apartment occupancy results come in at terrific levels, rent growth just can’t seem to really get going in the metro.
While San Diego’s apartment occupancy results come in at terrific levels, rent growth just can’t seem to really get going in the metro.
No Southern California apartment market has a better occupancy rate than San Diego. However, San Diego is not seeing the solid rent growth levels coming in Orange County and Los Angeles.
For the first time in the cycle, most of Southern California’s markets posted meaningful rent increases about in line with the upturn recorded for the nation as a whole.
San Diego’s older projects outperformed their newer counterparts for occupancy and rent change during 2010.