In the San Diego multifamily market, the script shifted relatively quickly by the end of the summer. Asking rents fell in September for the first time since October 2021 and marked the largest drop in rents, at 0.8%, since the start of the pandemic. Overall, rents were up only marginally, averaging 0.2% during the third quarter.
San Diego Apartment Rents Fall During September
Rent Growth Remains Well Ahead of Market's Long-Term Average
By Joshua Ohl
CoStar Analytics
October 7, 2022 | 3:59 P.M.
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