Rent growth in the San Diego office market has largely stalled amid the pandemic. The market's year-over-year performance has been flat, as in 0% rent growth, after the vacancy rate skyrocketed to 12%, marking a 2.5% increase in the past 12 months and the highest rate locally since 2013.
Annual Rent Growth in San Diego Office Properties Has Flatlined
Rents Are on the Precipice of Declining for the First Time in a Decade
By Joshua Ohl
CoStar Analytics
March 19, 2021 | 5:31 P.M.
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