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San Diego Multifamily Market Sees Stabilized Vacancies Fall to Record Low

Updated: Aug 10, 2023

San Diego is in the midst of a run of historically high apartment demand and rent growth in the multifamily market.

More than 7,000 apartment units have been absorbed in the past 12 months, a metric that measures the number of move ins versus move outs, and little of that was supply induced.

Although more than 4,300 units have delivered across the region over that period, more than half of those delivered in the past two months with roughly 100 of those units absorbed to this point.

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