Market Report

2023 Q2 | Multifamily Market Report (Pacific Coast Commercial, San Diego)

Although demand has returned since the start of 2023 after falling in the second half of 2022, household formation has been stymied by a combination of persistent inflation, rapidly rising interest rates, and rising unaffordability.

12 Month Deliveries in SF: 2,446
12 Month Net Absorption in SF: 845
Vacancy Rate: 3.5%
12 Month Rent Growth: 3.0