San Diego weathered economic pressures coming out of the first quarter, as both the wider real estate valuation reset and significant supply growth pressured the market, according to the latest San Diego multifamily market report. Average advertised asking rents slid 0.1%, on a trailing three-month basis through April, to an average of $2,718, 30 basis points below the U.S. figure. The market\u2019s average occupancy in stabilized assets ticked down 30 basis points year-over-year, to 95.9% as of March, still above the 94.2% national figure, which slid 50 basis points over 12 months, as noted in the U.S. multifamily market report<\/a><\/strong>.<\/p>\n