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National + Weekender | July 30, 2015

By: Connect CRE

San Diego Multifamily on a Hot Streak

It’s a pretty good market when you have a 95.3 percent occupancy rate and rent growth is upped by 6.1 percent year over year. That’s what is happening in the greater San Diego area, according to an Axiometrics report.

The firm said that the average rent was $1,777 in the area. That’s a $28 improvement from the prices in May, and the growth rate was 62 basis points from the prior month.