Today on the Southern California Real Estate Report we talk about why rents are on a rising trend.
We have had rent growth of about 5% in the first part of 2021.
San Diego is one of the fastest growing markets in the Country.
People are starting to move again. They are reevaluating their lifestyles and their needs.
Big cities like New York and San Francisco took big hits in their rental markets as people fled cities but San Diego has been resilient.
Construction cost have gone up because the cost of materials and the need for skilled labor.
