[quote=livinincali][quote=flu]mira mesa rent keeps going up too[/quote]
Mira mesa on the other hand is up about 7% yoy although the year over year rent increase has been decreasing the last 3 quarters. It was 8.2% in 2015Q2 it’s 6.8% in 2016Q1.
There is a huge property coming late this year or early next year. Case Mira View Phase 2 is going to add 1165 units.[/quote]
Casa Mira View hasn’t really affected condo rent prices in the area, because that complex is pretty much high end. High end prices in mira mesa that is almost the same price as rent prices in apartments in carmel valley.
Not saying it’s not going to be successful. It’s just a different sub market.
In general, despite Qualcomm’s misfortunes, it doesn’t seem like there is a significantslowdown in the business activity in Sorrento Valley. Perhaps, as many have been saying San Diego has more diverse economy than most of us think.
Looking at rental availability for someone starting out, it’s pretty slim pickings… 1 bedrooms are close to $1400 now, more for large complexes.
Resale isn’t much better. Asking prices for 1/1’s are starting to get over $200k and over and 2/2 closer to $300k and over.
