Mission Valley was one of San Diego’s fastest growing communities during the last decade, as developers built more than 2,000 new homes there.
Though building slowed with the housing crash, construction has started again. A massive development, Civita, will build close to 5,000 new homes in Mission Valley in the next decade. The first 500 apartments and condominiums are scheduled to be done by early next year.
But as construction moves forward, U.S. Census data released last month appears to offer a reason to pause: Mission Valley had one of the highest vacancy rates in San Diego last year. About 12 percent of homes in the neighborhood’s core, many built in the last decade, were vacant. The citywide average, the Census found, was 6.4 percent.