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San Diego Market Reports

San Diego Office Market

Average Asking Rent (Price/SF/Mo) $2.99
Vacancy Rate (%) 11.7%
Net Absorption (SF) 307,494

Asking rents continued to climb, reaching another all-time high with a countywide average of $2.99/SF in the fourth quarter. Rates are up 3.9% year-over-year and up 26.7% over the past five years.

San Diego Industrial Market

Average Asking Rent (Price/SF/Mo) $1.11
Vacancy Rate (%) 5.2%
Net Absorption (SF) -554,252

San Diego's craft beer industry was astonished by the news that Ballast Point had been acquired by a group of private investors organized by small, independent Chicago brewery Kings & Convicts. Details of the sale, which include Ballast Point's operations at its three San Diego locations, were not disclosed, but the price is certain to be much lower than the $1.0 billion Constellation Brands paid for the company in 2015, given that the company's last quarterly filings valued the Ballast Point brand at only $17 million amid declining sales.



San Diego Office Market Report
4Q19
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San Diego Industrial Market Report
4Q19
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