{"id":1004175537,"date":"2017-05-23T00:01:26","date_gmt":"2017-05-23T08:01:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175537"},"modified":"2025-02-26T23:48:59","modified_gmt":"2025-02-27T07:48:59","slug":"steady-san-diego","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/","title":{"rendered":"Steady San Diego"},"content":{"rendered":"<p>By Bogdan Odagescu<\/p>\n<div id=\"attachment_1004159673\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004159673\" class=\"wp-image-1004159673 size-full\" src=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/05\/san-diego-rent.jpg\" alt=\"San Diego rent evolution, click to enlarge\" width=\"400\" height=\"166\" \/><p id=\"caption-attachment-1004159673\" class=\"wp-caption-text\">San Diego rent evolution, click to enlarge<\/p><\/div>\n<p>Gaining jobs across most sectors and rapidly adding residents, San Diego continues to be a strong and stable multifamily market. At 96.8 percent, the metro\u2019s occupancy rate is one of the highest in the country, underlining the city\u2019s housing shortage and justifying the growing construction pipeline. Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average.<\/p>\n<p>Anchored by international trade, biotechnology, military operations and tourism, San Diego\u2019s economy is a mixed basket benefiting from a deep talent pool as the city\u2019s network of universities and research facilities offer startups solid ground and a cheaper alternative to Silicon Valley. With the $2 billion trolley expansion underway, San Diego continues to draw large-scale projects. Manchester Pacific Gateway, a $1.3 billion mixed-use development, will house the new U.S. Navy headquarters. Greystar\u2019s Ballpark Village, the mega-project slated to bring 713 rental units to downtown, is also in the works. The list also includes the $1.2 billion Seaport project and FS Investors\u2019 proposal for the Qualcomm Stadium site.<\/p>\n<p>Offering acquisition yields akin to those of Los Angeles and San Francisco, the metro remains a fairly predictable and hot secondary market, with roughly $3.5 billion in assets having traded over the past two years. And as supply is slowly catching up with demand, Yardi Matrix expects price growth for <a href=\"https:\/\/www.point2homes.com\/US\/Houses-For-Rent\/CA\/San-Diego.html\">houses for rent in San Diego<\/a> to remain at sustainable levels, reaching 4.5 percent in 2017.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/228-SanDiego-Spring2017Outlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=228-SanDiego-Spring2017Outlook\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Yardi Matrix report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro\u2019s occupancy rate is one of the highest in the country.<\/p>\n","protected":false},"author":740,"featured_media":1004175319,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,21742,37795,1608,15],"tags":[],"class_list":["post-1004175537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-latest","category-rc-occupancy","category-san-diego","category-west"],"acf":[],"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>Steady San Diego - Commercial Property Executive<\/title>\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.commercialsearch.com\/news\/steady-san-diego\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steady San Diego\" \/>\n<meta property=\"og:description\" content=\"Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro\u2019s occupancy rate is one of the highest in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-23T08:01:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T07:48:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/San-Diego.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/\",\"name\":\"Steady San Diego - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/San-Diego.jpg\",\"datePublished\":\"2017-05-23T08:01:26+00:00\",\"dateModified\":\"2025-02-27T07:48:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/San-Diego.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/San-Diego.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/steady-san-diego\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Steady San Diego\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162\",\"name\":\"Bogdan Odagescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96\",\"caption\":\"Bogdan Odagescu\"},\"description\":\"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. 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