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San Diego Market Reports

San Diego Office Market

Average Asking Rent (Price/SF/Mo) $3.03
Vacancy Rate (%) 11.9%
Net Absorption (SF) -282,115

Biotech companies continue to sign large deals in San Diego's highly sought-after life sciences submarkets. San Diego has the third largest biotech cluster in the United States and has been a growing focus of major life sciences REITs due to its robust research institutions and heavy venture capital investments.

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
1Q20
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San Diego Industrial Market Report
4Q19
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