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...
Vacancy falls in San Diego’s medical office properties
The trend outperforms traditional office space
The traditional office and medical office markets have taken divergent paths since the onset of the pandemic in 2020. In one direction a vacancy rate rose to a 12-year high, while ...
Sublet space weighs on industrial vacancy in San Diego
Vacancy reaches 10-year high
San Diego’s industrial market, made up of logistics, specialized and flex properties, has seen leaner demand since last year. The result has been negative net absorption — which tr...
San Diego sees hiring rise
Unemployment rate falls in city, but remains below statewide rate
San Diego unemployment dipped to 4.6% in September, down from a revised 5.1% in August, according to the latest jobs report released by the U.S. Bureau of Labor Statistics.
On cue, apartment rents fall as year-end approaches
Downtown surprises to the upside in October
The end-of-year slide in San Diego apartment rents is underway, having fallen 0.2% in October following September’s 0.4% drop.
Fewer two-bedroom units are being built in San Diego
Options dwindle for growing households
Between 2001 and 2014, two-bedroom units made up 47% of the market-rate inventory that builders opened across the region. Studios were largely an afterthought, comprising 6% of new...
With rent control on California's ballots, here's a look at where apartment rent growth is headed
Increases are tepid across the state
California voters are heading to the polls in November, and among the many decisions they will make is determining the future of rent control across the state. This will mark the t...
Wave of office speculative development in San Diego starts leasing
Other new buildings land tenants
More than 400,000 square feet of office space opened during the third quarter, primarily a result of the RaDD project downtown. The mega life science campus still has more than 1 m...
Luxury properties drive demand in San Diego
Vacancy stabilizes across the region
Although it came later than the national trend, apartment demand rebounded during the third quarter in San Diego. In the process, the local vacancy rate dipped from 5.5% to 5.3%. T...
Retail space leases quickly in San Diego
Limited availability in new properties
Retail space in San Diego remains in short supply. Among major markets across the country, San Diego’s retail per capita is among the lowest.
Office leasing stabilizes in San Diego
Smaller leases, less volume tell the story of the office market
San Diego’s office environment has largely stabilized since last year, with new quarterly leasing volume almost perfectly consistent since then.
Autumn comes early as apartment rents fall in San Diego
Rent growth limps into the final stretch of year
The third quarter ended on a dour note for area landlords when apartment rents fell 0.5% in September in San Diego, California. That completed a turbulent quarter that saw rents fa...
San Diego's unemployment rate hits three-year high
More people join workforce in region
San Diego, California's unemployment rate edged up to 5% in August, according to the latest jobs report from the Bureau of Labor Statistics. That was the highest level since Octobe...
San Diego’s industrial market navigates supply pressure
Construction starts stall
Following a spate of completions, roughly 1.5 million square feet of industrial space has been completed this year, and 76%, or 1.1 million square feet, is available for lease.
San Diego’s apartment rents were unchanged in August
Concessions have been widely employed
Market-rate apartments in San Diego, California, reported no change in the average rent level in August.
San Diego’s Labor Force Rises with the Summer Break
Tourism Is Driving Retail Demand and Hiring
With summer recess in full swing, July’s jobs report for San Diego, California, showed an uptick in the unemployment rate from 4.5% to 4.9% in July. That was still far below Califo...
Uncertainty Hangs Over San Diego’s Apartment Market
Property Sales Remain Underwhelming
The impact of elevated interest rates, coupled with moderating rent growth and demand, continues to disrupt San Diego, California's apartment market. Deal flow has been reminiscent...
High Vacancy Gives Tenants Leverage in Downtown San Diego
Asking Rents Were the Same Level in Mid-2024 as They Were in Mid-2017
Downtown San Diego, California's office vacancy rate is approaching 30%, which is the highest level recorded by CoStar in more than 20 years. It has edged higher by almost three pe...