18 May San Diego Inflation and the San Diego Multifamily Investment Market

Article Source Courtesy of CoStar

Rents for San Diego Multifamily have risen 13.5% in the last 12 months in the San Diego Multifamily apartment market. But when adjusting for inflation, which was up 8.2% this year (and 7.9% in San Diego itself), the San Diego Multifamily rent growth rate is currently at 3.5% and is set to be at just under 3% at the end of 2022. San Diego’s Multifamily vacancy rate is trending towards an all-time low at 2.6% so demand will still be heavy and likely more concentrated into new inventory as it becomes more readily available.