San Diego's apartment rental market, which has been grappling with a six-month downturn, saw a glimmer of hope in January as rents trended upwards for the first time since June 2023. This marginal increase of 0.2% may seem slight, but it marks a notable shift in a market that has experienced consistent declines, hinting at potential changes in the narrative...

More and more San Diego renters have been falling into homelessness. To combat this, there will be new tenant protections.    There will be more consistency with the Tenant Protection Act of 2019. Through this, renters will receive additional notices such as the definitions for “No Fault” and “At Fault Termination of Tenancies” so that the terms are clear to both the...

The estimated 12-month personal consumption expenditures (PCE) through October was 6% (as seen below). Inflation is still uncertain over the next few years. Forecasts show significant decline over the next year, but it has also been projected to do so multiple times in the past and did not, so it is still uncertain. To get on a path to inflation...

Asking rents have gone up 19.5% in the past 12 months for the San Diego multifamily market compared to the national average of 14.3%. San Diego rents have also increased 2.2% in the second quarter alone up to $2,275 per month (as seen in the graph below). High demand to live in San Diego has been causing these increases in...

Source: Lee & Associates Research In the words of Ben Franklin, “In this world nothing can be said to be certain, except death and taxes.”1 While neither can be avoided, both can be delayed and, with regard to taxes, can be minimized. In preparation for the next tax season, this report will explain how property owners, whether commercial or residential, can mitigate...

Source: Yardi Matrix While the average month-over-month asking rent increased to 1.1% in May from month-over-month in April (1.0%), the year-over-year average asking rates have actually decelerated from 16% in April to 14% in May. It is not looking the same year for rental increase as we saw in 2021. Inflation continues to rise at a 40-year high while food and energy...

San Diego's occupancy increased 90 basis points over the past 12 months while within the last year the rent growth rose 20.8%, which outperformed the national average. 2021 was a record year with $3.7 billion traded in multifamily assets. With this, the first 4 months of 2022 have had a volume of $731 million, which is on par with last...

Source Article Courtesy of CoStar Prices have been rising the fastest we've seen in over 40 years. The consumer price index rose by 8.3% over the last 12 months (peaking at 8.5% in March). To try to combat this, the Federal Reserve raised interest rates by a quarter-point in March and another half-point increase in May (the largest increase in 22...

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