San Diego Office Market

San Diego recorded nearly 2.6 million square feet of positive net absorption activity in 2016 and 2017. First quarters are historically slow, and, when coupled with strong leasing activity in recent years, negative absorption is not unusual in a normalized market cycle.

San Diego Industrial Market

The average rental rate across all product subtypes reached $0.98/SF, up 4.3% from one year ago and up 38.0% over the last five years. The general industrial segment led the other product subtypes in annual rental rate gains with a 14.1% increase from this time last year.