San Diego Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Colliers, CBRE, Cushman & Wakefield, , ,
Quarterly multifamily market indicators for San Diego, aggregated by CREhunt from Colliers, CBRE, Cushman & Wakefield, , , . As of Q1 2026, average asking rent was $1183.00/SF with a 6.4% vacancy rate.
Projected current multifamily pricing — San Diego
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | — | 0K SF | — | Colliers |
| Q1 2026 | $1183.00/SF | 6.4% | — | — | CBRE |
| Q1 2026 | — | 9.3% | — | — | Cushman & Wakefield |
| Q4 2025 | — | 5.8% | 0K SF | — | |
| Q4 2025 | — | 5.4% | — | — | |
| Q4 2025 | — | 4.9% | 1K SF | — | |
| Q3 2023 | $1866.00/SF | 3.6% | 0K SF | — |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for San Diego multifamily did not fully agree. On vacancy, the sources span 2.9 points — from 6.4% (CBRE) to 9.3% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 9.3% | — | — |
| CBRE | 6.4% | $1183.00/SF | — |
| Colliers | — | — | 8.0% |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for multifamily space in San Diego?
- As of Q1 2026, the average asking rent for multifamily space in San Diego was $1183.00/SF, per CBRE.
- What is the multifamily vacancy rate in San Diego?
- The multifamily vacancy rate in San Diego was 6.4% as of Q1 2026 (CBRE).
- Where does CREhunt's San Diego market data come from?
- This report aggregates quarterly multifamily market data for San Diego from Colliers, CBRE, Cushman & Wakefield.
- How much do brokerage estimates differ for multifamily space in San Diego?
- For Q1 2026, the brokerage sources CREhunt aggregates for San Diego did not fully agree. On vacancy, the sources span 2.9 points — from 6.4% (CBRE) to 9.3% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.