SAN DIEGO (Border Report) — For the first quarter in 2025, rents in Tijuana are expected to decrease, according.
Gerardo Chiw Unzón, president of Tijuana’s Professional Real Estate Brokers Association, predicts an 8% drop in rents due to political and economic factors.
“Safety is also an issue, there are people now who don’t want to ever return to Tijuana and they’d rather be in the United States,” he said. “This will create more availability, more competition and this will make rent amounts adjust down.”
In spite of the expected drop, Chiw Unzón insisted real estate along the border remains a strong investment and demand for rental properties is still high.
“This is a dynamic city due to our proximity to the border, our maquiladora industry is huge, along with our big corporations,” said Chiw Unzón. “Fortunately, right now, inventory is high along with a growing pool of renters.”
In the past four years, real estate values, including rent prices, have gone up in Tijuana every year.
In 2024, rents were up 30% when compared to the previous year.
Fueling the high prices and demand were people from north of border who moved to Tijuana seeking affordable housing not found in California.
According to Chiw Unzón, the average price for a two bedroom home in Tijuana right now is anywhere from $1,000 to $1,300 a month.
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