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Where Is San Diego Office Headed?

SAN DIEGO-Albeit slow, the experts we spoke with say that Q3 continued the trends of steady improvement in market fundamentals for the office market here. Read more to learn what's in the pipeline and what impact it may have.

By Natalie Dolce | Updated on October 18, 2013

SAN DIEGO-While the current economic recovery has been decidedly slower than other recent recoveries, the San Diego office market has been steadily improving over the last four straight years. With few new deliveries in the pipeline to apply upward pressure on vacancy, the market is stabilizing, says Voit Real Estate Services‘ Jerry Holdner. 

The VP of market research says that “lease rates have risen, especially among class A offices in prime submarkets. “We should see an increase in leasing activity as many short-term deals come up for renewal.”

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