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West transforms a long-isolated civic area into a residential, office, and retail district designed to restore pedestrian connections and support San Diego’s ongoing evolution at its core.
San Diego multifamily vacancy fell about 100 basis points last year into the low-3% range despite adding 13,000 units over three years, with roughly 1,700 units underway near Balboa Park.
Rents Slide, Supply Pace Holds Steady San Diego weathered economic pressures coming out of the first quarter, as both the wider real estate valuation reset and significant supply growth pressured the market, according to the latest San Diego multifamily market report. Average advertised asking rents slid 0.1%, on a…
This is a quarterly industrial real estate market report published by CBRE in March 2026 covering San Diego with national context. The item contains data and figures for the first quarter of 2026 in the industrial sector.
This MarketBeat report analyzes San Diego's industrial real estate market in the first quarter of 2026, covering economic conditions, supply and demand dynamics, tenant activity, capital markets, and pricing across warehouse, manufacturing, and research and development property types. Key findings include a 7.3% overall vacancy rate (up 20 basis points year-over-year), asking rent of $1.47 per square foot monthly on a triple net basis (down 4.2% year-over-year), net absorption of negative 5,291 square feet year-to-date, and leasing activity of 1.1 million square feet in Q1 2026 (down 28.2% year-over-year), with manufacturing accounting for 35% of leasing volume and employment growth of 0.7% year-over-year lagging historical trends.
The Kidder Mathews report tracks San Diego's multifamily market in first quarter 2026, reporting a vacancy rate of 5.4%, average asking rent of $2,417 per unit, and average sales price of $369,930 per unit, with year-over-year changes of 50 basis points in vacancy, flat rental rates, and a 2% decline in sales prices. Significant transactions in the quarter included The Resort at Encinitas selling for $109.995 million and Dylan Point Loma for $91 million, while 2,430 square feet of new construction was delivered and net absorption totaled 1,850 square feet.
San Diego's retail market in Q1 2026 showed modest employment growth of 0.7% year-over-year with vacancy rising to 5.5% and countywide asking rents averaging $2.28 per square foot per month (NNN), up 4.1% year-over-year. Net absorption was negative at -93,261 square feet, with power centers and regional centers experiencing the largest occupancy declines, while healthcare, education, and leisure sectors provided employment stability despite below-historical growth projections for 2026 and 2027.
This is a data report published by CBRE on March 31, 2026, presenting office sector figures for San Diego in the first quarter of 2026.
Cushman & Wakefield's San Diego Office MarketBeat Q1 2026 report documents office market conditions showing a vacancy rate of 15.4% (up 140 basis points year-over-year) and an overall asking rent of $3.48 per square foot, with negative net absorption of 335,000 square feet driven by Class A space losses in Central County submarkets. San Diego's employment grew 0.7% year-over-year to 1.6 million jobs through January 2026, with projected growth of only 1.0% in 2026 and 0.8% in 2027—both below the five-year historical average—indicating continued pressure on office demand amid modest hiring concentrated outside core office-using sectors.
The San Diego office market in first quarter 2026 experienced a 16.2% year-over-year decline in leasing activity to 1.0 million square feet while vacancy remained essentially flat at 13.6%, though availability rose to 17.1% indicating growing marketed space. Sales volume increased substantially by 186.4% year-over-year to 2.3 million square feet with average pricing normalized to $215.21 per square foot compared to $462.67 in the prior year quarter, and the near-term outlook expects continued uneven conditions as occupiers prioritize higher-quality space while investment activity focuses on discounted urban and value-add suburban assets.
The San Diego industrial market recorded 2.1 million square feet of leasing volume and positive direct net absorption of 250.5 thousand square feet in first quarter 2026, while vacancy increased to 9.6% and asking rental rates declined to $1.46 per square foot NNN. Industrial investment sales activity slowed with 1.4 million square feet trading across 54 transactions totaling $260 million, with average pricing falling to $307 per square foot amid selective capital markets and manufacturing employment declining 2.4% year over year in the San Diego-Chula Vista-Carlsbad MSA.
This is a retail market data report published by CBRE on December 31, 2025, presenting fourth-quarter 2025 figures for the San Diego retail sector.
This is a market report published by CBRE in December 2025 providing an overview of the San Diego life sciences sector for the fourth quarter of 2025. The report covers the life sciences market in San Diego, California, with references to national context.
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San Diego Q1 2025 life sciences report tracking vacancy, leasing and rents in a softening lab market.