Matrix Multifamilly San Diego Report-February 2022 March 02, 2022

San Diego Sets Records

Strong demand sustained San Diego’s multifamily market, which paired with limited growth pushed asking rents up 1.1 percent on a T3 basis through December, to $2,370, and brought occupancy close to 98 percent in November. Transaction volume marked an all-time high, surpassing $2.7 billion in 2021.