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Ahead of State-Wide Rent Cap, Investment in San Diego’s Apartment Market Remains Steady

CoStar Insight: Next Year Brings More Uncertainty as Rent Cap Goes Into Effect
Apartment investment in 2019 is ahead of last year's pace heading into the first year of California's state-wide rent cap.
Apartment investment in 2019 is ahead of last year's pace heading into the first year of California's state-wide rent cap.
CoStar Analytics
November 14, 2019 | 9:30 P.M.

Before the San Diego region has the chance to weigh the impact of California’s state-wide rent cap on apartment investment signed into law in October, multifamily investment remained robust. More than 140 sales recorded during the third quarter, the largest quarterly total in 2019, with $535 million in sales transactions.

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News | Ahead of State-Wide Rent Cap, Investment in San Diego’s Apartment Market Remains Steady