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San Diego Market Reports

San Diego Office Market

Average Asking Rent (Price/SF/Mo) $2.74
Vacancy Rate (%) 12.6%
Net Absorption (SF) -54,795

Occupancies of new speculative buildings accounted for 94.0% of San Diego's net absorption activity in 2017. This included big commitments from corporate users such as Illumina (316,262 square feet), Eli Lilly (304,326 square feet) and Otonomy (61,755 square feet).

San Diego Industrial Market

Average Asking Rent (Price/SF/Mo) $0.99
Vacancy Rate (%) 4.4%
Net Absorption (SF) 115,815

Developers and tenants are being priced out of Central San Diego, which is benefitting outlying submarkets in North and South County. This includes Carlsbad, which has 1.2 million square feet of under construction inventory, or 48.8% of all metro construction.



San Diego Office Market Report
4Q17
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San Diego Industrial Market Report
4Q17
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