With all the condo reconversions, and glut of downtown condos, it seems that rental prices will go down, rather than up, for condos at least. For SFH, the market seems tight, and is more likely to go up in the near term. Also consider that people are moving out of SD, and not many people can afford $1500 or more rent.
OTOH, I am reading that rents are going up. I think that trend will reverse when the thousands of apartments that were taken off the market to be converted for condos, will come back on the market as apartments. Couple that with fewer tenants as people move out of San Diego, and you get lower rents. My guess is that by this fall, you have a good chance of having a bank or developer as a landlord for a downtown condo. They’ll have trouble selling these units. These are just my thoughts, I could be wrong.
