{"id":9714,"date":"2025-07-15T08:49:00","date_gmt":"2025-07-15T08:49:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9714"},"modified":"2025-12-04T08:57:37","modified_gmt":"2025-12-04T08:57:37","slug":"san-diego-multifamily-market-report-june-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-diego-multifamily-market-report-june-2025\/","title":{"rendered":"San Diego Multifamily Market Report \u2013 June 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/san-diego-multifamily-market-report\/\">San Diego Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Slow Rent Growth, High Occupancy<\/h2>\n<p>San Diego multifamily fundamentals were slower but still steady at the start of the new leasing season, with asking rent gains up 0.1% year-over-year through April 2025, to $2,741, lagging the 0.9% U.S. rate, according to the latest San Diego multifamily market report. Occupancy in stabilized properties also inched up 10 basis points year-over-year, to 96.2% in March. The national occupancy rate was 94.4%, at its lowest level in more than a decade. Employment growth remained sluggish in San Diego, at 0.4% as of February, while the U.S. rate stood at 0.9%, as noted in the <strong><a href=\"\/blog\/national-multifamily-market-report\/\">national multifamily market report<\/a><\/strong>.<\/p>\n<p><iframe id=\"datawrapper-chart-SeDpG\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Diego vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/SeDpG\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>The metro gained 9,900 net jobs, with jobs added in only three sectors: education and health services (9,300 jobs), government (9,000) and leisure and hospitality (4,100). Professional and business services (-5,100) and manufacturing (-3,300) posted the largest losses. Area unemployment clocked in at 4.0% in April, faring slightly better than the 4.2% U.S. average. The $1.4 billion Gaylord Pacific Resort &amp; Convention Center, which is anticipated to create 1,800 jobs, just opened. Meanwhile, citing rising debt and construction costs, Hines paused work on the Riverwalk Golf Club redevelopment, a $4 billion mixed-use project that\u2019s expected to include 4,300 apartments, as well as office and retail.<\/p>\n<p><iframe id=\"datawrapper-chart-4murA\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Diego Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/4murA\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Developers delivered 706 units this year through April and had another 12,387 apartments underway. Meanwhile, investors traded a substantial $752 million in assets in the first four months, with the average per-unit price slightly down, to $390,056.<\/p>\n<p>Read the full Yardi Matrix San Diego Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7390-MatrixMultifamilySanDiegoReport-June2025\"><strong>June 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Slow Rent Growth, High Occupancy San Diego multifamily fundamentals were slower but still steady at the start of the new leasing season, with asking rent gains up 0.1% year-over-year through April 2025, to $2,741, lagging the 0.9% U.S. rate, according to the latest San Diego multifamily market report. Occupancy in stabilized properties also inched up [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,460],"class_list":["post-9714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-san-diego"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego Multifamily Market Report \u2013 June 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"San Diego\u2019s rent growth rose just 0.1 percent YoY, to $2,741, in April well below the 0.9 percent U.S. rate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/san-diego-multifamily-market-report-june-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Multifamily Market Report \u2013 June 2025\" \/>\n<meta property=\"og:description\" content=\"San Diego\u2019s rent growth rose just 0.1 percent YoY, to $2,741, in April well below the 0.9 percent U.S. rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-diego-multifamily-market-report-june-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T08:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-04T08:57:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/03\/San-Diego-iStock-2211840635-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Diego Multifamily Market Report \u2013 June 2025 - 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