June 24, 2026
Matrix Multifamily San Diego Report-June 2026
San Diego fundamentals under pressure
The metro weathered economic pressure coming out of the first quarter, with advertised asking rents sliding 0.1% on a T3 basis through April, to an average of $2,718, 30 bps below the U.S. A total of 2,204 units were delivered during this period. Together with the 6,180 completed last year, this volume diluted occupancy, which ticked down to 95.9% in March.
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