San Diego in October; 2023 Events

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If you own a rental property in San Diego, it's worth understanding the bigger picture around housing supply in the region. While cities like Dallas, Austin, and Phoenix added tens of thousands of new apartment units in 2025, San Diego's numbers hit around 4,700. That gap has real implications for the rental market here, for better and for worse. Supply Is Lagging. Demand Isn't. According to a RentCafe analysis of Yardi data, San Diego ranked well outside the top ten metros for new apartment construction in 2025. Compare that to New York (30,000 units), Austin (27,000), or even Charlotte (17,000), and it's clear San Diego is in a different category entirely. That's not for lack of trying. The city has actually been picking up the pace, permitting an average of 9,200 homes over the past two years, more than 40% above where things stood at the start of the current state housing cycle. Uptown neighborhoods like Hillcrest, Mission Hills, and Bankers Hill led the way for new permits in 2024. But even with that momentum, the city is still falling short of California's mandated target of about 13,500 new units per year. The shortfall is real, and it affects everyone in the housing market, renters and owners alike. More Renters, Fewer Options It's no secret that homeownership in San Diego is out of reach for many residents. High purchase prices and elevated mortgage rates have kept a large portion of would-be buyers in the rental market longer than they'd probably like. And since most new construction skews toward luxury developments, affordable and mid-range rentals remain in short supply. What This Means if You Own Property Here San Diego's supply constraints aren't going away overnight. Even with California rolling back some environmental regulations to speed up permitting, large-scale development takes years to materialize. For now, existing rental properties tend to see stable occupancy as a result. That said, "low supply" doesn't mean "effortless." Renters today have higher expectations around responsiveness, property condition, and value, and California's landlord-tenant regulations continue to grow more complex. Staying competitive means staying on top of maintenance, pricing, and compliance. That's where professional property management makes a real difference. At Ascent Property Management , we help San Diego landlords navigate a complicated market responsibly and efficiently. From keeping your property occupied to staying ahead of local regulations, we handle the details so you can focus on the bigger picture. If you have questions about how the current market affects your property, we're happy to talk it through. Source: San Diego apartment construction trails other major U.S. cities in 2025 , Axios San Diego. Data via RentCafe analysis of Yardi data.

As of January 1, 2026, a major change to California rental law is now in effect, impacting landlords and property owners statewide. Under Assembly Bill 628 , residential rental properties must now include a working refrigerator and stove as part of the basic standards for habitability. These appliances are no longer considered optional, they are now legally required for most rental units. Historically, many California rentals, especially in competitive urban markets, were leased without refrigerators or stoves, placing the burden on tenants to purchase and move their own appliances. This new law aims to relieve that financial strain and ensure safe, functional kitchens for renters. Going forward, any lease that is entered into, renewed, or amended on or after January 1, 2026, must comply with this updated requirement. The law specifies that both appliances must be in good working condition and capable of safely storing food and generating heat for cooking. If a refrigerator or stove becomes defective or is subject to a manufacturer recall, the landlord is responsible for repairing or replacing the appliance, typically within 30 days of receiving notice. While tenants may still choose to use their own refrigerator, this arrangement must be clearly documented in writing within the lease agreement. There are limited exceptions to this law, including certain types of housing such as permanent supportive housing, single-room occupancy units with shared kitchens, residential hotels, and facilities that offer communal cooking spaces. For most single-family homes, apartments, duplexes, and multi-family properties, however, this law applies in full. For landlords, this change means additional planning, budgeting, and documentation. Property owners should review their current lease agreements, inventory existing appliances, and ensure compliance prior to new lease signings or renewals. Failing to meet these requirements may expose landlords to habitability claims, rent withholding, repair-and-deduct actions, or potential legal disputes. At Ascent Property Management , we stay ahead of changing laws so our clients don’t have to. Our team actively monitors legislative updates, ensures properties meet compliance standards, and manages appliance installation, maintenance, and documentation. Whether you own one rental or an entire portfolio, APM helps protect your investment, minimize risk, and deliver a seamless experience for both owners and tenants. If you have questions about how this new law impacts your rental property, we're here to guide you every step of the way.