Rents fall during the pandemic I Phillip Molnar

San Diego rents are falling for the first time since the Great Recession.The average rent throughout the region was about $1,850 between April and June.That’s less than a percentage point decrease over the previous quarter, but the downward trend is notable.Rents in San Diego have been on a seemingly unstoppable upward climb in recent years.Now COVID-19 has, at least for now, changed that.