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Occupancy Rates Rising in S.D. Apartment Market

SAN DIEGO-The city's multifamily sector has experienced a considerable rise in occupancy levels during the third quarter of 2003, according to new data on the region.

By Erin Cassin | Updated on October 28, 2003

SAN DIEGO-The city continues to boast one of the top-performing multifamily markets in the Western US, as evidenced by recent research on the region.

The report, published by multifamily data specialist RealFacts, points out that the local apartment sector has experienced a considerable rise in occupancy levels during the past three months. The overall occupancy rate increased from 93.8% for the second quarter of this year to 96.5% for the third quarter, according to RealFacts’ research. As a result, RealFacts has given the San Diego MSA an average occupancy ranking of two (out of 25 metropolitan areas in the Western US) for the third quarter of 2003. For the three months prior, the San Diego MSA had been ranked as number six.

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