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Uncertainty Hangs Over San Diego’s Apartment Market

Property Sales Remain Underwhelming
CoStar Analytics
August 19, 2024 | 8:29 P.M.

The impact of elevated interest rates, coupled with moderating rent growth and demand, continues to disrupt San Diego, California's apartment market. Deal flow has been reminiscent of the Great Recession and recovery. During that period, San Diego only saw an average of around 52 quarterly market-rate transactions, compared with an average of 140 between 2015 and 2019.

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