San Diego's 2026: Money, Homes, and Robots

Gas Prices & Refineries

San Diego is bracing for significant shifts in 2026. Gas prices could surge to $8 per gallon as two major refineries shut down. The state is ramping up oil production in Bakersfield to offset the shortage.

Short-Term Rental Tax

The city is considering a tax on short-term rentals, which could impact vacation home rentals. While some see it as a housing solution, others fear it will hurt small businesses.

Real Estate Market Slowdown

Home sales are declining, but the long-term impact remains uncertain. On the bright side, a vacant office building may be converted into affordable housing.

Convention Center Expansion

A major expansion of the convention center is in limbo. Funding from a hotel tax is available, but the project faces high costs and land-use challenges.

Robotaxis Arrive

Waymo plans to launch a fully driverless ride-hailing service. Critics argue it could displace human drivers.

Life Science Investments

Investment in life sciences is slowing, but experts predict more IPOs, potentially boosting the sector.

Rental Market Shifts

Rents are dropping, but new apartment construction raises questions about future pricing.

Downtown Office Market Struggles

The downtown office market remains weak, with potential fire sales of historic buildings, some of which may be repurposed into homes.

Economic Reports Delayed

A government shutdown delayed key economic reports, but they are expected to resume soon, providing clearer insights into San Diego's economy.

Electric Vehicle Transition

California aims to ban gas-powered car sales by 2035, but the expiration of federal EV tax credits in 2025 raises doubts about the state's ability to meet this goal.