Excerpt from article: Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May Continue.
- Good news for landlords, who have seen average monthly rents rise 5.9 percent in the past year, to $1,422 at the end of 2015 — a figure that is expected to increase by nearly an additional 11 percent by 2018, to $1,577
- The result is that San Diego currently has one of the tightest apartment vacancy rates among major U.S. metro markets, at around 3.3 percent
- What’s driving the trends are generally good metrics for the San Diego County economy overall, led by the addition of 39,900 new jobs in 2015
Citation and Link: Hirsh, Lou. “Paying the Price.” San Diego Business Journal. 5 May 2016. Web. 12 May 2016. http://www.sdbj.com/news/2016/may/05/paying-price/
Picture Citation and Link: Hirsh, Lou. “Paying the Price.” San Diego Business Journal. 5 May 2016. Web. 12 May 2016. http://www.sdbj.com/news/2016/may/05/paying-price/