Matrix Multifamily San Diego Report-Summer 2021 June 23, 2021

Wind back in San Diego’s sails

Most coastal markets have struggled as the pandemic recedes, but San Diego is faring better. Rent growth on a trailing three-month basis was 0.6% as of April, with the average rent at a strong $2,056. Occupancy has also increased significantly, sitting at 96.2% in stabilized properties as of March.