The Southern California Rental Housing Association reported increased availability and decreased rents in their annual Vacancy and Rental Rate Survey for 2024. Vacancy rate rose to 6.36% from 3.9% last year, with San Diego seeing a rise to 4.22% from 2.64%. Average rent in San Diego County dropped to $2,170 from $2,338 in 2023, and in the City of San Diego, it decreased from $2,266 to $2,189. The increase in vacancies is attributed to new properties entering the market and higher rates in older properties.
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