San Diego County average rent hits $1,743 a month
Average rent was $1,743 a month in San Diego County at the start of September, increasing 8.4 percent in a year, said MarketPointe Realty Advisors in a report released Thursday.
Rent increased 7.7 percent from March ...
The rise is largely attributed to lack of new housing and apartments. Just two new projects entered the market in the past six months, adding 370 apartments.
Russ Valone, president of MarketPointe Realty Advisors ...
“Unless we do something to satisfy demand, those of us that have grandkids can look forward to visiting them in North Carolina,”
Valone blamed rising prices on California environmental laws, lack of political leadership and the hesitancy of city and county government to approve new housing.
In early September, the average rent for a studio was $1,383; $1,533 for a one-bedroom; $1,821 for a two-bedroom; $2,257 for a three-bedroom; and $3,043 for a four-bedroom.
The highest rent in the county is on the coast in North County, where the average rent runs $2,152 a month. The cheapest is in East County, at $1,422 a month, but units can be hard to find.
http://www.sandiegouniontribune.com/business/real-estate/sd-fi-apartment-perspective-20160914-story.html
