OFFICE
San Diego's office market is supported by a mix of defense contractors, healthcare providers, life sciences firms, and tech companies. Several top universities, including UC San Diego, the University of San Diego, and San Diego State University, provide a talent pool of job-seeking graduates and collaborative work with firms and research institutes. That, in turn, has formed a strong biotech ecosystem and incubator atmosphere that helps drive demand. Even so, challenges have spread across the office landscape...(click for full report).
12 Mo. Deliveries in SF
793 K
12 Mo. Net Absorption in SF
870 K
Vacancy Rate
11.0%
12 Mo. Rent Growth
2.3%
INDUSTRIAL
Quarterly leasing volume has averaged more than 3 million SF of new leases since mid-2020, although that level has slipped the past two quarters. That is about 20% above the level of demand recorded in the years prior to the pandemic. In the past 12 months, a net of 2.1 million SF has been absorbed, and the vacancy rate has shifted by -0.2% year over year to 3.2% compared to the five-year average of 4.6%. The median time on the market for industrial space is trending 50% lower than it was prior to 2020 and roughly its lowest level in 15 years...(click for full report).
12 Mo. Deliveries in SF
2.3 M
12 Mo. Net Absorption in SF
2.1 M
Vacancy Rate
3.2%
12 Mo. Rent Growth
12.2%
RETAIL
Net absorption has been positive during the past six quarters through 22Q3, which has been the longest consecutive quarterly streak in the past 10 years. That has resulted in a year-over-year vacancy change of -1.0% to 4.0%, which is in line with historical norms, after a net of 1.4 million SF was absorbed in the past 12 months…(click for full report).
12 Mo. Deliveries in SF
244 K
12 Mo. Net Absorption in SF
1.4 M
Vacancy Rate
4.0%
12 Mo. Rent Growth
3.8%
MULTI-FAMILY
Annual net absorption has moderated from its historically strong level in 2021, and the vacancy rate is trending at 3.4% with occupancy in 1 & 2 and 3 Star inventory averaging around 98% across the entire county. Demand was negative during 22Q3, which was the first time in the past decade that quarterly absorption fell…(click for full report).
12 Mo. Deliveries in SF
4,241
12 Mo. Net Absorption in SF
1,297
Vacancy Rate
3.4%
12 Mo. Rent Growth
5.7%
All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San Diego, San Diego Commercial Real Estate Real Estate Agent Contact Us Brokerage, Property Management Commercial Real Estate Agency in San DiegoSan Diego Commercial Property Management
Comments