Wednesday, June 17, 2026
Family Office Briefing on research byKidder Matthews·Dec 29, 2023

San Diego Multifamily Market Report - 4th Quarter 2023

San Diego multifamily vacancy rate increased to 4.3% in 4Q23 — family offices should consider co-GP opportunities with disciplined operators.

MultifamilySan DiegoCalifornia2023

Key Metrics

MetricValue
Vacancy Rate4.3%
Average Asking Rents2261$
Average Price / Unit339991$
Cap Rates4.2%

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around San Diego? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent multifamily strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.