Today on the Southern California Real Estate Report we look at apartment rents.
People are on the move, post-pandemic, and vacancies are being snatched up.
We talk about why the stabilized vacancy rate is the lowest its ever been because demand is at record highs.
We talk about areas like Downtown San Diego, which in the past, have given incentives to fill vacancies. Incentives are now hard to come by.
Landlords have benefited by getting higher rents for their vacant units.