SAN DIEGO—Businesses seeking office space in the nation's hottest tech markets should expect to pay a premium especially in one of the top tech cities, according to a new research report by CBRE Group, Inc.
The report, which analyzes the top 30 tech cities across the US and Canada, showed an aggregate rent premium of 11% across all 30 markets.
San Diego ranked 10th in office rent growth, growing12.7% between Q2 2013 and Q2 2015. At the end of Q2 2015, the average asking rent was $29.88, the vacancy rate was 12.6%, and there was 885,000 sq. ft. of space under construction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
