Renting: It’s tougher out

[Coronita]

Renting: It’s tougher out there

http://www.utsandiego.com/news/2013/Jul/18/apartments-vacancy-rents/

Projections

http://www.biggerpockets.com/renewsblog/2011/12/28/rental-outlook-2012-the-good-times-roll-on/

For SD, projections some say rents rise 31% by 2015…

Mira Mesa is absolutely on fire right now for attached markets, especially 1/1’s…

I put in a test ad for a rental, got like 7 callbacks in 24 hrs last week. I forgot to take down the add, and there is a contact from someone still each day, sometimes twice a day….

I think commercial landlords are smarter than the average bear. That’s why you see a big rental community being built at the end of 56/15 in MM and also a big luxury community being built in Torrey Hills (Carmel Valley)….