My guess is the root cause this time around is a weird interlinked syndrome of ETF inflation and zombie corporations, both further inflated by covid emergency facilities, and the unfortunate reality is that the QE spigot is likely to remain open. 1990s Japan looks like America’s fate to me lately. 

However, San Diego typically receives a large amount of tourism each year which in turns feeds into various industries thus given the current situation the lack of tourism is damaging the industries that feed off of the tourism (Short term rentals included).

Tourism and travel is no different.

We wanted to demo the house and use the property for a storage facility as it is adjacent to two major highways.

There's no economy except tourism.

Some of my military friends are actually coming out of pocket for gym memberships despite having facilities we can use for free with top-notch equipment. 

Our market is Carolina Beach in NC, so we have high tourism

At a high level, if you've been following the headlines around the Hyundai news, GPA Expansion, in addition to the Hospitality/Tourism sector, there is a good chance that there will be more demand in the area with the # of jobs expected.

NASCAR racing is a big attraction and they are about to build there own facilities for guests. 

Vincent,In my market area storage facilities are still in demand.