• The cap rate for multifamily in San Diego fell 10 basis points (bps) quarter over quarter to 4.7%.
  • Sales volumes jumped substantially in Q4, largely due to a jump in large deals.
  • AB 1482 (rent control legislation) was signed into law, which will restrict annual rental rate increases to 5.0% plus the local rate of inflation.
  • Major lenders continued to have strong appetites, with the 30-year treasury rate reaching an all-time low.