Annual net absorption, which measures the change in occupancy over time, has turned negative in San Diego’s apartment market during the first quarter for the first time in more than 10 years. The rising cost of affordability has played a key role after rents rose nearly $400 per month, on average, during the past two years.
By Joshua Ohl
CoStar Analytics
March 3, 2023 | 10:32 P.M.
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