Tom York in business: Apartment rents start to climb as COVID-19 pandemic abates

Tom York in business: Apartment rents start to climb as COVID-19 pandemic abates

Apartments in San Diego. Photo by Chris Stone

The site Rental market web Apartmentlist.com reveals its March report, which reveals rents in San Diego are starting to rebound after dropping slightly during the COVID-19 pandemic.

The report says rents are up 0.6% year-over-year, with median rates now at $ 1,576 for a 1-bedroom and $ 2,089 for a two-bedroom apartment. Year-over-year rental growth was 1.9% at the same time last year.

The report says the rent increase is the second consecutive month of increases. Additionally, San Diego’s year-over-year rental growth exceeds the state average of -4.9%, as well as the national average of -0.8%.

What to rejoice if you are an owner.

Consider that the owners of San Francisco have suffered a lot more than those locally. Rent there …

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