Darcy Miramontes Darcy Miramontes

The San Diego multifamily market is undersupplied, but development constraints have inhibited new supply from coming to the market. According to the San Diego multifamily market report from JLL, the market is producing “insufficient levels of new housing to meet market demand.” Rising demand from population growth and inward migration is exacerbating the apartment supply problems in the market.

“San Diego is perennially undersupplied for multifamily,” Darcy Miramontes, EVP at JLL, tells GlobeSt.com. “We have organic population growth and in migration that occurs within San Diego County, and we have not been building enough housing units in either single-family or multifamily markets. While there are certainly some areas in San Diego with a micro-supply where there are some short-term supply concerns, generally San Diego is undersupplied.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.