- Mark Kersey critiques San Diego County's worsening budget scenario, while Glenn represents the county spokesperson.
- High cost of living in San Diego County.
USC Forecast Projects Continued Rent Growth in San Diego County Through 2029
What happened
The University of Southern California released a forecast projecting average annual rent growth of 1.5% in San Diego County through 2029. The report noted that San Diego County added about 16,000 apartments since late 2023, which is roughly twice the new supply added in Orange County during that time. Consequently, the vacancy rate is expected to fall from 6.31% in June to 4.9% by June 2029.
From kpbs.org
Why it matters
The forecast suggests that while San Diego County rents are currently about 7% below Orange County's, continued growth is expected. The report credited increased density and San Diego's Complete Communities initiative with helping the county respond to housing demand.
The event occurs amid discussions regarding the high cost of living in San Diego County and critiques of the county's budget scenario.
From kpbs.org
Who's involved
- University of Southern CaliforniaReleased the Casden Real Estate Economics Forecast on the rental market.
- San Diego CountyThe county whose rental market is being forecasted.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- San Diego CountySpeculative
The housing rent growth forecast might influence market prices within San Diego County.
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The entities involved
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San Diego County
county in California, United States
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University of Southern California
private university in Los Angeles, California, United States