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Is SD's Apt. Delivery Pipeline Moving Fast Enough?

SAN DIEGO—While multifamily construction is definitely up from the recession years, the new supply being delivered annually is not meeting demand, requiring more cooperation between developers and municipalities, JLL's Darcy Miramontes tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on June 07, 2017

Darcy Miramontes Miramontes: “San Diego consistently falls short of housing demand, with 30,000 people are moving into this region annually.”

SAN DIEGO—While multifamily construction is definitely up from the recession years, the new supply being delivered annually is not meeting demand, requiring more cooperation between developers and municipalities, JLL EVP Darcy Miramontes tells GlobeSt.com. According to the firm’s recent San Diego Multifamily Market Overview, 2015 and 2016 both broke previous records for San Diego multifamily starts in both number of units and dollar value; however, San Diego’s new multifamily supply is only 0.7% of inventory, compared to 2.1% for the top 10 supply markets.

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