Panel: San Diego Market Deep Dive — Local Opportunities in a High-Cost Market

San Diego is one of the most expensive real estate markets in the country — and one of the most resilient. Military-adjacent demand, constrained coastal supply, strong job fundamentals in biotech and defense, and a population that keeps growing despite the cost have kept the market outperforming even during periods of national softness.

But 2026 looks different. Mortgage rates have reshaped the buyer pool. Short-term rental regulation is tightening from Ocean Beach to Pacific Beach. Cap rates have moved. And the submarkets that were outperforming three years ago aren't necessarily the same ones to watch today.

Three operators actively deploying capital in the San Diego metro share their current thesis: which submarkets are still showing real rent growth; why East County and North County multifamily fundamentals remain compelling despite high prices; how San Diego's STR regulatory environment is creating opportunity for operators who get permitted correctly; construction cost realities for infill development in the current environment; where they're finding off-market deal flow; and what institutional money is doing in San Diego right now.

This is a local practitioner session — not the macro talking points you can get from a CBRE report. Limited to 40 attendees for a focused discussion format with substantial Q&A. 1.0 CE credit.