San Diego Office Market Report Q1 2026

Mar 31, 2026

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.

Office San Diego California United States

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Publisher: Kidder Mathews
Obtained from: Kidder Mathews
Published: Mar 31, 2026
Last updated: Jun 28, 2026 (1 month ago)

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