San Diego started 2026 with somewhat balanced fundamentals and on stronger footing than other California metros, according to the latest San Diego multifamily market report. Still, average advertised asking rent growth did not improve, with the rate ticking down 0.4%, on a trailing three-month basis through December, to $2,718. This was 10 basis points below the U.S. average. Occupancy across stabilized assets remained solid, at 96.1% as of November, ahead of the 94.6% national figure. Employment growth stood at 0.7% year-over-year through September, just 10 basis points below the national figure. This continued a trend in the metro, as the gap between its rate and the national figure narrowed over the previous three quarters, as noted in the U.S. multifamily market report<\/a><\/strong>.<\/p>\n