The weakening economy has brought down the house rates as well as rental rates in many places. As the economy is in gloom all over the world, this trend of plummeting house rentals is also seen in many places of the world. A new study said that rentals in San Diego County apartment market fell along with the occupancy rates.
The San Diego County of California is located near the Pacific Ocean with around 3,146,274 of population. The apartment rates in the year 2008 fell suddenly to around 1.8 percent compared to the previous year. The occupancy rates also saw a 0.11 percent fall compared to the occupancy rates of 2007.
The jobless is also one of the reasons for the fall in rental prices. But the situation is not as bad.
There are around 99,256 rental units within the county, where the average asking price for rent is seen as $1,394.
The San Diego County of California is located near the Pacific Ocean with around 3,146,274 of population. The apartment rates in the year 2008 fell suddenly to around 1.8 percent compared to the previous year. The occupancy rates also saw a 0.11 percent fall compared to the occupancy rates of 2007.
The jobless is also one of the reasons for the fall in rental prices. But the situation is not as bad.
There are around 99,256 rental units within the county, where the average asking price for rent is seen as $1,394.
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