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SD Apt. Development Can’t Satisfy Demand

With the metro continuing to add jobs, current construction starts may not meet the demand for apartment units in the northern and inland parts of the county, Yardi’s Doug Ressler tells GlobeSt.com.

Yardi’s Doug Ressler

SAN DIEGO—The San Diego economy continues to drive job growth and is overall positive for commercial real estate especially residential with the highest overall rent gains occurring in the Kearny Mesa and coastal submarkets. Those thoughts are according to Yardi’s Doug Ressler.

Yardi’s latest market outlook points out that although the city’s housing shortage issues are ongoing, the market remains a more affordable living alternative to Los Angeles and San Francisco, especially for young, highly skilled professionals. “The metro is adding jobs across the board as its economy continues to diversify, with education and health services leading growth.”

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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