Absorption Slows in San Diego Central

SAN DIEGO—The San Diego County office market hit a speed bump in the second quarter of the year with 250,595 square feet of net negative absorption. According to Cassidy Turley, the dip follows six consecutive quarters of positive activity, during which time tenants absorbed 1.8 million square feet.

“The good news is that this absorption slide is a temporary setback for San Diego,” said Brett Ward, managing director with Cassidy Turley’s in San Diego. “Leasing in the market continues to strengthen, and several large commitments will contribute to significant occupancy over the next six to 12 months.”