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San Diego Market Reports

San Diego Office Market

Average Asking Rent (Price/SF/Mo) $2.93
Vacancy Rate (%) 12.3%
Net Absorption (SF) -84,584

Demand from life sciences companies is driving office rents and pushing developers and landlords to build and renovate Class A and lab space.

San Diego Industrial Market

Average Asking Rent (Price/SF/Mo) $1.10
Vacancy Rate (%) 5.1%
Net Absorption (SF) -14,666

RAF Pacifica Group continued its renovation and rebranding strategy with fu*sion, a 121,500-square-foot office building in Carlsbad it purchased in May for conversion into an industrial/creative office project. This will bring RAF Pacifica's San Diego portfolio to 2.3 million square feet, with almost 1.0 million square feet in Carlsbad alone.



San Diego Office Market Report
3Q19
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San Diego Industrial Market Report
3Q19
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