San Diego County rents are expected to rise through 2029, but a recent boom in apartment construction helped make the county more affordable than neighboring Orange County, according to a University of Southern California forecast released Tuesday.
The USC Lusk Center for Real Estate’s Casden Real Estate Economics Forecast projects average annual rent growth of 1.5% in San Diego County through 2029.
San Diego County’s average rent was $2,592 in June and is forecast to reach $2,707 by June 2029. Its vacancy rate, which was 6.31% in June, is expected to fall to 4.9% as recently built units are absorbed…