San Diego vacancy rate

[Daniel Bruyere]

Does anyone know a standard vacancy rate for San Diego? 

[Dan H.]

San Diego County vacancy rate surged to 6.36% in Spring 2024, up from 3.9% in Spring 2023. Within the region, the City of San Diego also experienced a rise in its vacancy rate to 4.22%, compared to 2.64% last year. The increase in vacancies can be attributed to the addition of new properties to the market and higher than usual vacancy rates in older properties.

https://www.socalrha.org/news/2024-vacancy-and-rental-rate-s...

Note LL, location, and property all have an impact on actual vacancy. If you have a commercial residential property (>4 units), the value is based on NOI. in such case, optimizing rent justifies longer vacancy. In non-commercial residence (<5 units), the vacancy is large impact to cash flow s as nd it typically is worth having rent not at the top of market. Similar, average rent in san diego is noticeably higher than $100/day. It makes sense to hire help to shorten tenant turnover time.

Good luvk