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San Diego’s rental market has long been known for its strength, offering property owners steady income and high demand. However, even in this robust market, some landlords find themselves asking a tough question: “Why isn’t my property renting?”
At Penny Realty, we’ve been hearing from puzzled landlords facing this very challenge. Despite San Diego’s reputation for a healthy real estate market, recent shifts in rental demand have changed the game. Rents across the county have declined between 3% and 7% year-over-year, according to industry reports, with many landlords resorting to incentives like “two months free rent” to attract tenants.
This new reality means property owners must adapt to stand out and secure quality tenants. Here’s what’s happening and how you can turn things around. While San Diego remains one of the best real estate markets in the country, landlords need to navigate this temporary slowdown with strategic adjustments. Watch this quick video on these latest updates!
If you’re finding it difficult to rent your property, the team at Penny Realty is here to help. Contact us today for a free consultation to maximize your investment and get your property back on track.
