“It's probably not one thing. There are probably a couple of small, different things that are conspiring to make San Diego the underachiever that it is right now.”
“If it's a seesaw, it's a little bit tilted in favor of renters. If the occupancy trend continues, then people aren't going to be putting rents up. Rents would at least stay stable and possibly decline.”
“It (the occupancy rate decline) was unusual. It was across the board. We had a 0.2 percent decrease a couple of quarters ago, but (statistically) that was zero. This (the 0.5 percent decline), I think, is statistically significant.”
