San Diego Rental vacancies to ’06 levels

[greensd]

I’m on a month-to-month lease in South Park, and my rent hasn’t gone up since I moved in 16 months ago. That’s the longest I’ve gone without a rent increase since I moved to San Diego in 2002.

[(former)FormerSanDiegan]

These surveys tend to be all over the map. I’ve never been able to make sense of them.

Even this article cites two different surveys. The headline survey showed rents are down more then 5%, while the other survey (briefly mentioned) showed that rents are up 5%.
Here is the quote from the article:

The association’s recent poll contained responses from landlords and managers representing nearly 40,000 units. Results from rental surveys tend to vary, however.

A survey of large rental complexes of 100 units or more was released in October by the RealFacts research firm. RealFacts found that rental rates had climbed to an average of $1,363 in the third quarter, up 5 percent from a year earlier and up 1.26 percent over the previous quarter.

I don’t know if it is a mix of units issue or what. It seems that this headline survey is capturing smaller complexes (less than 100 units) which might include failed condo conversions that are under-represented in the RealFacts survey. We’ve observed inconsistencies in the surveys in the past on Piggington and people tend to believe whichever one suits their needs. I think rents are flat.

We need a Case-Shiller rental index that analyzes same-unit rents upon turnover.

[(former)FormerSanDiegan]

These surveys tend to be all over the map. I’ve never been able to make sense of them.

Even this article cites two different surveys. The headline survey showed rents are down more then 5%, while the other survey (briefly mentioned) showed that rents are up 5%.
Here is the quote from the article:

The association’s recent poll contained responses from landlords and managers representing nearly 40,000 units. Results from rental surveys tend to vary, however.

A survey of large rental complexes of 100 units or more was released in October by the RealFacts research firm. RealFacts found that rental rates had climbed to an average of $1,363 in the third quarter, up 5 percent from a year earlier and up 1.26 percent over the previous quarter.

I don’t know if it is a mix of units issue or what. It seems that this headline survey is capturing smaller complexes (less than 100 units) which might include failed condo conversions that are under-represented in the RealFacts survey. We’ve observed inconsistencies in the surveys in the past on Piggington and people tend to believe whichever one suits their needs. I think rents are flat.

We need a Case-Shiller rental index that analyzes same-unit rents upon turnover.

[(former)FormerSanDiegan]

These surveys tend to be all over the map. I’ve never been able to make sense of them.

Even this article cites two different surveys. The headline survey showed rents are down more then 5%, while the other survey (briefly mentioned) showed that rents are up 5%.
Here is the quote from the article:

The association’s recent poll contained responses from landlords and managers representing nearly 40,000 units. Results from rental surveys tend to vary, however.

A survey of large rental complexes of 100 units or more was released in October by the RealFacts research firm. RealFacts found that rental rates had climbed to an average of $1,363 in the third quarter, up 5 percent from a year earlier and up 1.26 percent over the previous quarter.

I don’t know if it is a mix of units issue or what. It seems that this headline survey is capturing smaller complexes (less than 100 units) which might include failed condo conversions that are under-represented in the RealFacts survey. We’ve observed inconsistencies in the surveys in the past on Piggington and people tend to believe whichever one suits their needs. I think rents are flat.

We need a Case-Shiller rental index that analyzes same-unit rents upon turnover.

[(former)FormerSanDiegan]

These surveys tend to be all over the map. I’ve never been able to make sense of them.

Even this article cites two different surveys. The headline survey showed rents are down more then 5%, while the other survey (briefly mentioned) showed that rents are up 5%.
Here is the quote from the article:

The association’s recent poll contained responses from landlords and managers representing nearly 40,000 units. Results from rental surveys tend to vary, however.

A survey of large rental complexes of 100 units or more was released in October by the RealFacts research firm. RealFacts found that rental rates had climbed to an average of $1,363 in the third quarter, up 5 percent from a year earlier and up 1.26 percent over the previous quarter.

I don’t know if it is a mix of units issue or what. It seems that this headline survey is capturing smaller complexes (less than 100 units) which might include failed condo conversions that are under-represented in the RealFacts survey. We’ve observed inconsistencies in the surveys in the past on Piggington and people tend to believe whichever one suits their needs. I think rents are flat.

We need a Case-Shiller rental index that analyzes same-unit rents upon turnover.

[(former)FormerSanDiegan]

These surveys tend to be all over the map. I’ve never been able to make sense of them.

Even this article cites two different surveys. The headline survey showed rents are down more then 5%, while the other survey (briefly mentioned) showed that rents are up 5%.
Here is the quote from the article:

The association’s recent poll contained responses from landlords and managers representing nearly 40,000 units. Results from rental surveys tend to vary, however.

A survey of large rental complexes of 100 units or more was released in October by the RealFacts research firm. RealFacts found that rental rates had climbed to an average of $1,363 in the third quarter, up 5 percent from a year earlier and up 1.26 percent over the previous quarter.

I don’t know if it is a mix of units issue or what. It seems that this headline survey is capturing smaller complexes (less than 100 units) which might include failed condo conversions that are under-represented in the RealFacts survey. We’ve observed inconsistencies in the surveys in the past on Piggington and people tend to believe whichever one suits their needs. I think rents are flat.

We need a Case-Shiller rental index that analyzes same-unit rents upon turnover.

[(former)FormerSanDiegan]

Here is the article from about 5 weeks ago saying that rents have increased.

http://www.signonsandiego.com/news/business/20071018-9999-1b18rent.html

In this article they cite yet another survey that says rents are up 2.4%, based on properties with 25 or more units.

My guess as to what’s happening in the surveys is due to the mix of units surveyed and impacted by small-timers, smaller complexes, failed multi-unit flippers and condo conversions in the SDAA survey. The large 100-unit or more complexes is a more static group from which to survey, but does not represent the entire market.

[(former)FormerSanDiegan]

Here is the article from about 5 weeks ago saying that rents have increased.

http://www.signonsandiego.com/news/business/20071018-9999-1b18rent.html

In this article they cite yet another survey that says rents are up 2.4%, based on properties with 25 or more units.

My guess as to what’s happening in the surveys is due to the mix of units surveyed and impacted by small-timers, smaller complexes, failed multi-unit flippers and condo conversions in the SDAA survey. The large 100-unit or more complexes is a more static group from which to survey, but does not represent the entire market.

[(former)FormerSanDiegan]

Here is the article from about 5 weeks ago saying that rents have increased.

http://www.signonsandiego.com/news/business/20071018-9999-1b18rent.html

In this article they cite yet another survey that says rents are up 2.4%, based on properties with 25 or more units.

My guess as to what’s happening in the surveys is due to the mix of units surveyed and impacted by small-timers, smaller complexes, failed multi-unit flippers and condo conversions in the SDAA survey. The large 100-unit or more complexes is a more static group from which to survey, but does not represent the entire market.

[(former)FormerSanDiegan]

Here is the article from about 5 weeks ago saying that rents have increased.

http://www.signonsandiego.com/news/business/20071018-9999-1b18rent.html

In this article they cite yet another survey that says rents are up 2.4%, based on properties with 25 or more units.

My guess as to what’s happening in the surveys is due to the mix of units surveyed and impacted by small-timers, smaller complexes, failed multi-unit flippers and condo conversions in the SDAA survey. The large 100-unit or more complexes is a more static group from which to survey, but does not represent the entire market.

[(former)FormerSanDiegan]

Here is the article from about 5 weeks ago saying that rents have increased.

http://www.signonsandiego.com/news/business/20071018-9999-1b18rent.html

In this article they cite yet another survey that says rents are up 2.4%, based on properties with 25 or more units.

My guess as to what’s happening in the surveys is due to the mix of units surveyed and impacted by small-timers, smaller complexes, failed multi-unit flippers and condo conversions in the SDAA survey. The large 100-unit or more complexes is a more static group from which to survey, but does not represent the entire market.

[NeetaT]

Does anyone know of a nice apartment complex within 20 miles of down town San Diego that offers 2 car garages? I have some expensive cars that I like to work on and keep under cover.

[NeetaT]

Does anyone know of a nice apartment complex within 20 miles of down town San Diego that offers 2 car garages? I have some expensive cars that I like to work on and keep under cover.

[NeetaT]

Does anyone know of a nice apartment complex within 20 miles of down town San Diego that offers 2 car garages? I have some expensive cars that I like to work on and keep under cover.

[NeetaT]

Does anyone know of a nice apartment complex within 20 miles of down town San Diego that offers 2 car garages? I have some expensive cars that I like to work on and keep under cover.

[Author]

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