Market Insights
Original analysis on San Diego multifamily by Nick Hernandez of H Group CRE — rent trends, cap rates, submarket pipelines, policy changes, and deal-level case studies.
- What the New Federal Housing Bill Means for San Diego Apartment Owners —
Last week Congress passed the 21st Century ROAD to Housing Act. The Senate approved it 85 to 5 on June 22, and the House followed 358 to 32 the next day. Those are not normal margins in Washington, an
- The Rate Cut Is Gone. Here Is What Actually Matters for Your Building. —
Yesterday morning the May inflation report landed at 4.2%, the highest reading since April 2023. If you have been waiting for a rate cut before making a move on your property, that wait just got longe
- The Bankers Hill Apartment Pipeline: Mid-2026 —
Bankers Hill in San Diego has 9 apartment projects under construction right now, including several major high-rise and mid-rise developments. Another 3 were delivered in 2025. By 2028, close to 1,600
- I Underwrote 100+ San Diego Apartment Buildings Last Year. —
I put together north of 100 broker opinions of value and buyside analyses last year. Duplexes to 50 unit buildings across San Diego County. That’s roughly two a week, every week, for an entire year. A
- San Diego Multifamily Market Update | March 2026 —
San Diego delivered roughly 6,200 market rate apartment units in 2025, a 20 year high. Another 4,800 are scheduled for completion this year. That three year stretch from 2024 through 2026 will put abo
- You Don't Have to Manage Apartments Forever. Here's the Tax-Deferred Off-Ramp. —
I talk to a lot of long-term apartment owners in San Diego who are in the same spot.
- The Rent Gap That’s Quietly Affecting San Diego Apartment Values —
When I start evaluating an apartment building, the first thing I spend time studying is the rent roll.
- San Diego’s Multifamily Supply Wave Is Here —
San Diego is in the middle of one of the largest multifamily construction cycles in 25 years.
- 2026 Is a Quiet Accumulation Year —
The loudest years in real estate are rarely the best years to buy.
- San Diego Multifamily Owners Are Facing Higher Insurance Costs. Here’s What That Means for Your Property —
If you own apartments in California, insurance probably feels very different than it did a few years ago.
- California just changed the definition of a habitable rental —
California just made a small change that says a lot about where rental housing standards are headed.
- State of the City 2026: What I Heard as an Apartment Broker —
I attended Mayor Todd Gloria’s 2026 State of the City address and took notes through a real estate lens. Here are the parts I think matter most for owners, investors, and anyone watching San Diego’s h
- San Diego is about to jack up water rates again —
San Diego just warned that water rates may need to rise significantly over the next several years. That is on top of rate increases already approved for 2026 and 2027 of roughly 15% per year. This cam
- Return on Equity: The Metric Most Apartment Owners Don’t Track Until It’s Too Late —
Most apartment owners I speak with in San Diego are not worried.
- The Tijuana Sewage Crisis Enters a New Phase —
In mid-December, the United States and Mexico formally adopted Minute 333 under the International Boundary and Water Commission framework. It does not magically solve the problem, and it does not elim
- The "Hawkish Cut" —
The Fed cut rates by 25 basis points today. No surprise there. The target range now sits at 3.50% to 3.75%, right where everyone expected.
- The Case for Small Infill —
San Diego’s housing shortage shows up in rent checks, construction budgets, and neighborhood meetings.
- Is San Diego Still a Safe Haven for Multifamily Investors? 2025 Year-End Review —
If 2024 was the year of “wait-and-see,” 2025 has been the year of stabilization.