Matrix Multifamily San Diego Report-February 2026 February 25, 2026

San Diego’s rent-occupancy balance

San Diego’s advertised asking rents ticked down 0.4 percent on a T3 basis through December, to $2,718, the second consecutive month of contractions. Still, occupancy remained high, at 96.1 percent in November, even while development kept up its pace, with 4,638 units coming online last year.