San Diego’s population inches up
Domestic migration underwhelms
New population estimates released by the U.S. Census Bureau between July 2023 and July 2024 show San Diego had its best year-over-year population growth in the past five years afte...
San Diego’s apartment pipeline steady as ever
Smaller units dominate new inventory
Last year, roughly 4,800 market-rate apartment units were completed across the San Diego region, marking the third most units to open in a calendar year in the past decade. This ye...
San Diego's apartment rents flatten out in February
Growth underperforms long-term benchmark
San Diego’s apartment landlords could not maintain the momentum of raising rents in February. Rent growth was largely flat across the region during the month, after rising 0.3% in ...
Apartment investment reaches three-year high in San Diego
Last year tallies third-highest volume in past decade
Apartment investment volume surged in San Diego during the fourth quarter after $1.3 billion was invested across the region. It was the first time in two years that sales volume cr...
Here's how San Diego’s new industrial space compares to the national level
Availability rises above countrywide benchmark for recent completions
The construction of logistics properties in San Diego has begun easing up, but the region is coming out of a period of heavy completions and waning demand that has weighed on vacan...
Life science demand has been leaner in San Diego
Looming pipeline to add further pressure to vacancy
San Diego’s life science market entered 2025 with an 18% vacancy rate, its highest level in more than 15 years. It increased more than 4 percentage points year over year in 2024.
Apartment rent growth reverses course in San Diego
Average asking rate in January exceeded $2,500 per month
San Diego’s apartment landlords enjoyed their first month of positive rent growth, on average, since June, when the region’s average market asking rents rose 0.3% month over month ...
Vacancy hits highest level in over a decade among San Diego's industrial sector
Pressure from supply side expected to ease
At the end of 2024, occupancy losses in San Diego’s industrial sector stretched to an eighth consecutive quarter. That pushed vacancy to its highest level in more than a decade aft...
Office-using sectors add jobs in December
Unemployment rate falls to lowest level since May in San Diego
San Diego’s unemployment rate ended 2024 at 4.3%, down from a revised 4.6% in November, according to the latest release from the Bureau of Labor Statistics.
Retail space is in short supply in San Diego
Availability unchanged across the region
San Diego's retail market has started 2025 in one of its strongest positions in years, although store closures announced over the past few weeks will likely open more availability ...
Office leasing stumbles in San Diego
Smaller deals drive activity
San Diego’s office market endured an underwhelming year for leasing in 2024. The region experienced its lowest leasing volume since 2020 when less than 4 million square feet of off...
Both California and Texas are growing, but for different reasons
Population growth is back in the Golden State
The nation’s two largest states added the most and third-most people to their populations last year, even as their underlying demographic drivers remain distinct.
Apartment demand rises in San Diego
Challenges remain for area landlords
Demand in San Diego’s apartment market took off in the second half of 2024. Net absorption, which measures the change in occupancy over time, tallied more than 2,600 units.
Retail jobs fuel monthly employment gains in San Diego
Construction sector leads job losses
San Diego’s unemployment edged down to 4.6% in November from a revised 4.7% in October, according to the latest jobs report released by the Bureau of Labor Statistics. That was 30 ...
San Diego apartment rents finished the year falling
Fourth-quarter losses eased up compared with recent past
San Diego’s apartment landlords saw rents finish the year falling by 0.2% in the month of December, with the fourth quarter dropping at an even steeper rate overall.
Office availability ticks down, vacancy moves up in San Diego
Over 2 million square feet of new downtown office, lab space to be completed without tenants
San Diego’s office market is poised to end the year with its availability rate falling quarter over quarter for the first time in more than two years. Both Orange County, Californi...
Retail construction unlikely to satiate space-hungry San Diego
Availability dips down through 2024
San Diego's retail real estate market is doing well, with the area on course to end the year with availability declining for the third straight quarter to under 4.5%. That's despit...
Industrial vacancy shoots up in San Diego border town
Construction starts visibly pull back
San Diego's community of Otay Mesa is in the midst of a weakened demand environment that has seen the vacancy rate climb from a low of 2% in 2022 to 13.5% during the fourth quarter...
San Diego apartment rents fall for third month in a row
Next several months are typically slow for leasing
San Diego has experienced its third straight month of declining rents, having fallen 0.3% in November, and December will likely continue this trend.
San Diego retailers ramp up hiring for holidays
Unemployment ticks up in October
San Diego’s unemployment rate ticked up to 4.7% in October from a revised 4.6% in September, according to the latest jobs report released by the Bureau of Labor Statistics. That wa...