Report indicates rental rates in county to see slight increase
Del Mar Times
..."Overall, Southern California will not see sustained increases in rents until the greater economic health of the region improves, but renters in San Diego may experience the kind of slight increase that comes when jobs return and housing is still too costly for renters to become buyers," said Tracey Seslen, co-author of the Casden Multifamily Market Forecast.
"The future health of the Southern California multifamily market continues to be shaped by jobs, housing prices, the 'shadow' market of rental homes and condos and new construction," she said.
According to the forecast, San Diego will outperform other Southern California markets in rental and vacancy rates as a steady stream of defense contracts and strong growth in the biotech industry buoy the region's economy...