San Diego Multifamily Q4 2021 Figures

February 23, 2022

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  • Deal flow in Q4 fell to the lowest mark of 2021, with 130 properties changing hands.
  • Three of San Diego’s 13 regions saw a vacancy rate of less than 1% at year’s end.
  • The three most expensive local apartment regions realized the strongest quarter-over-quarter rent growth in Q4.
  • Only three local areas concluded 2021 with an average monthly rent of less than $2,000.
  • Deliveries decreased by nearly 50% in Q4, but the 773 units that came online helped propel 2021 completions to 3,854 units.