San Diego Multifamily Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, Colliers, Cushman & Wakefield, Lee & Associates, Northmarq, Matthews
Quarterly multifamily market indicators for San Diego, aggregated by CREhunt from Kidder Mathews, Colliers, Cushman & Wakefield, Lee & Associates, Northmarq, Matthews. As of Q2 2026, vacancy was 5.5%, per Kidder Mathews.
Projected current multifamily pricing — San Diego
Projected asking rent
$2,456/unit/mo
Estimated sale value
$181,223–$226,529/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2025 multiple brokerages data (cap rate 8.0%, asking rent held flat). Assumes ~95% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | — | 5.5% | 2K SF | 12K SF | Kidder Mathews |
| Q1 2026 Colliers | — | — | 25 SF | — | Colliers |
| Q1 2026 Cushman & Wakefield | — | 9.3% | — | — | Cushman & Wakefield |
| Q4 2025 Lee & Associates | $2,522.00/unit/mo | 5.8% | — | — | Lee & Associates |
| Q4 2025 Kidder Mathews | $2,390.00/unit/mo | 4.9% | 968 SF | — | Kidder Mathews |
| Q4 2025 Northmarq | — | — | — | — | Northmarq |
| Q3 2025 Northmarq | — | — | — | — | Northmarq |
| Q3 2025 Matthews | $2,500.00/unit/mo | 5.4% | — | — | Matthews |
| Q2 2025 Matthews | $2,528.00/unit/mo | 5.4% | — | — | Matthews |
| Q2 2023 Lee & Associates | $2,431.00/unit/mo | 3.6% | 772 SF | — | Lee & Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in San Diego?
- CREhunt aggregates multifamily asking-rent data for San Diego from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in San Diego?
- The multifamily vacancy rate in San Diego was 5.5% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's San Diego market data come from?
- This report aggregates quarterly multifamily market data for San Diego from Kidder Mathews, Colliers, Cushman & Wakefield, Lee & Associates, Northmarq, Matthews.
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